Legal trouble for HKparts.net

[Not_an_outlaw]

To the press, an upper is a firearm. A pellet gun is a firearm. I want more info. I can easily see making only 20K after expenses.

 

[MigraineMan]

The indictment is more informative, and isn't terribly long. Executive summary of counts:
1 - Dealing firearms without a license
2 - Smuggling goods out of the USA
3 - Filing a false tax return 2007 1040 gross receipts $23,185
4 - Filing a false tax return 2008 1040 gross receipts $22,039
5 - Filing a false tax return 2009 1040 gross receipts $689
6 - Filing a false tax return 2009 1120S (corporate) gross receipts $49,742
7 - Filing a false tax return 2010 1040 gross receipts $2,638
.....Filing a false tax return 2010 1040 gross receipts $652 (this is a second Schedule C for this year)
8 - Filing a false tax return 2010 1120S (corporate) gross receipts $87,749

Since he was running the S-corp as a sole proprietor, gross receipts gets reported on Schedule C of his personal 1040. These numbers are before "cost of goods sold" is subtracted. But while there's money involved in 3-8, I would be more concerned about the first two. I've dealt with ITAR restrictions, and you really don't want to export controlled items (firearm parts) without the appropriate licenses from State.

Guess I won't be building that G3 kit I had my eye on.

 

[DubTap21]

This really sucks