Course: Proposed Rule on Profits and Related Basis Adjustments based on this document from the Federal Register: https://www.govinfo.gov/content/pkg/FR-2024-12-02/pdf/2024-27227.pdf This document contains proposed regulations regarding previously taxed earnings and...
Comprehensive Overview of ATF’s Final Rule on Firearms Dealership
Gain a thorough understanding of the latest ATF regulations impacting firearms dealerships. This course provides essential insights into the final rule that redefines when a person is considered ‘engaged in the business’ of dealing firearms, under the Bipartisan Safer Communities Act. Learn the critical compliance steps required for Federal Firearms License (FFL) holders and understand the implications for private sellers and former licensees.
In this course you will learn the following:
* Understand the BSCA’s changes to the Gun Control Act (GCA) regarding the definition of EIB.
* Identify activities that presumptively indicate EIB status and PEP intent.
* Learn how to comply with new requirements for licensing, recordkeeping, and inventory liquidation.
* Recognize the consequences of non-compliance with the final rule.
* Understand the impact of the rule on various stakeholders, including FFLs, former FFLs, and private sellers.
Additional information
| Federal Register Title | Definition of “Engaged in the Business” as a Dealer in Firearms. Document Number: 2024-07838 |
|---|---|
| Course SKU | FR-24-810-1 |
| Why This Course Is Important | Without this course, you may risk non-compliance with federal regulations, leading to potential legal repercussions and missing out on crucial industry updates. |