What are some of the other ways to get the tax stamp?
Individual - If you build an NFA item on a Form 1 your name/city/state is engraved on it. Requires CLEO signature, fingerprint cards & Passport Photos every time you buy an NFA item.
Trust - If you build an NFA item on a Form 1 your Trust's name/city/state is engraved on it. It could be "last name" NFA Trust or "whatever you think up" NFA Trust. I've been told by the lawyer that did mine that if you name your trust something that might raise eyebrows, you may experience delays in your Form 1/4 approvals. No CLEO signature/fingerprint cards/passport photos required. Trust is generally not required to be recorded with the state and though no CLEO signature there are some states that require you to notify your CLEO when you have NFA item(s) so check local laws.
Corp.- Same as above just with the Corp name/city/state engraved on Form 1 builds. Has the additional requirements of your states laws regarding filings, and possibly yearly fees to keep a corp active.
LLC - Same as above just with the LLC name/city/state engraved on Form 1 builds. Has the additional requirements of your states laws regarding filings, and possibly yearly fees to keep a LLC active.
IMO Trusts allow for the most privacy, generally no additional costs to maintain, bypass an unwilling to sign CLEO, and the time/cost of CLEO signatures/fingerprinting/photos. So my answer is yes, Trusts are the easiest way to own NFA items, but YMMV
If I missed anything or am off-base the above :banghead:, others please correct me.