Discussion of National Firearms Act (NFA) subjects is frequent on HKPRO.COM LLC. NFA items, their possession, creation, purchase, selling, and conversion are regulated by a host of federal, state, and local laws. Be advised that HKPRO.COM LLC, its administrators, and its moderators make no warranty, expressed or implied, that information posted about NFA subjects is valid or accurate. Information posted is strictly and exclusively the opinion of the poster and is not endorsed in any way by HKPRO.COM LLC. You are exclusively responsible for determining which laws are applicable to you and HKPRO.COM LLC always recommends that you retain legal counsel if you are uncertain as to what the law is and how it applies to your particular situation. NFA laws are strictly enforced by the BATFE and other law enforcement organizations.
“Violations of the National Firearms Act are punishable by up to 10 years in federal prison and forfeiture of all devices or firearms in violation, and the individual's right to own or possess firearms in the future. The Act provides for a penalty of $10,000 for certain violations. A willful attempt to evade or defeat a tax imposed by the Act is a felony punishable by up to five years in prison and a $100,000 fine ($500,000 in the case of a corporation), under the general tax evasion statute. For an individual, the felony fine of $100,000 for tax evasion could be increased to $250,000.”
Please refer to the BATFE publication NFA Handbook.