After reading the complete nonsense ruling ATF put out, I read a little into how they are allowing the “tax exempt” filing of braced “rifles” to SBR’s. In the FAQ sheet, it does NOT allow the trust to participate in an exemption UNLESS it has documentation of the braced weapon to the trust prior to the final rule. Included it also says you MAY register it as an individual and later Form 4 it to a trust or legal entity (BS to collect the $200 regardless. Also, they provided no clarification or allowance for braced shotguns and will not allow them to be registered as SBS under the exemption. I see this crashing and burning sooner than expected
Regarding Form1 and Trust
Shotguns (very bottom)
Regarding Form1 and Trust
https://www.atf.gov/rules-and-regulations/docs/undefined/eformone-externalguidancewithqapdf/download
Shotguns (very bottom)