Calculate and report Firearms and Ammunition Excise Tax (FAET)
Orchid provides expert guidance in the determination and calculation of FAET tax liability by business, product type, and components of sale. We can help identify your responsibilities, plan for and determine your liability, submit annual filings, identify adjustments, recover excess payments and navigate a Tax and Trade Bureau (TTB) audit.
Customers: Manufactures – Importers – Gunsmiths – Ammunition Reloaders
Andy Graham
Chief, Firearms and Explosives Officer
Formerly – Enforcement Programs and Services (EPS), ATF Deputy Assistant Director (DAD), ATF Industry Operations, DIO and Area Supervisor of Four Field Divisions, Training and Program Manager – ATF National Academy (FLETC)
Expertise – GCA, NFA and AECA Regulations, State Firearm Laws, ATF Ruling Making, ATF Inspections and Revocations, Explosive Regulations, and Tax and Trade Bureau (TTB) Firearm and Ammunition Excise Tax (“FAET”)
Understand FAET Laws
Simplify Accounting
Understand taxable and non-taxable firearm components and accessories
Avoid Overpayment
Properly calculate FAET liability, adjustments, and exemptions
File with Confidence
Complete quarterly FAET forms timely and accurately
Navigate TTB Audits
Reclaim Funds
Clearly understand your FAET obligations
Regardless of FFL type or size we can properly arm you and your executive team with the knowledge to succeed. With over 30 years of IRS / TTB and FAET expertise in the firearms industry, we can deliver on-site or remote education succinctly and with great confidence.
Onsite and remote training to understand Firearm & Ammunition Excise Tax laws
Examine your product and transactions to determine responsibility.
Register with TTB, identify tax free transactions and exemptions
Avoid overpayments, fines and file FAET with confidence
Understanding applicability by business is only 10% of the battle. Calculating FAET liability down to the product, component and accessory level and understanding when FAET tax liability attaches to your business is the tricky part. Orchid’s experts will help you understand exactly what is taxable and how and when your forms are to be filed.
Determine taxable products, components, and accessories
Understand when FAET tax applies to your manufacturing, import, gunsmith, retail or ammo reloading business
Calculate your liability and properly file FAET forms on-time and accurately
Navigate TTB audits, file corrections and recover funds
No one enjoys an audit, especially an Alcohol and Tobacco Tax and Trade Bureau (TTB) tax audit. The presence of the TTB rifling through your records is a high anxiety event. Our firearms and ammunition excise tax experts will help you properly document your records, prepare for an audit and recover prior lost funds.
Prepare for an upcoming TTB audit with proper documentation and internal controls
Respond to a TTB audit and manage in-audit activities
Defend against tax penalties and reclaim prior overpayments of FAET
