tax evasion for sure if said person stated a specific average annual income on flipping guns. IT JUST AINT WORTH IT FOLKS. "A Minnesota man who bought and sold guns for a profit without a Federal Firearms License was sentenced to 18 months in federal prison last week after a plea agreement. Eitan Benjamin Feldman, 30, of Minneapolis, was arrested in February by federal agents investigating his gun buying and reselling habits. During a two-year period, Feldman bought at least 41 firearms online via the auction site GunBroker.com, had them shipped to an FFL in Minnesota where he filled out Bureau of Alcohol, Tobacco, Firearms and Explosives paperwork, and then resold them on ArmsList.com for a profit. The average time between offering the gun for resale was nine days. The average profit made per gun was $90. Feldman was taken into custody four months after ATF agents warned him about his activities and advised the Twin Cities man that some of the firearms he had sold had been recovered at crime scenes. Despite this, investigators contend that Feldman continued selling guns without a license. A 10-count indictment included a charge of engaging in the business of firearms without a license and nine counts of making false statements during a firearm transaction. As each count carried a maximum penalty of five years in jail, the man was looking at up to a half-century behind bars. Based on the Gun Control Act of 1968, current laws require persons who are “engaged in the business” of dealing in firearms be otherwise licensed. Generally, if an individual repetitively buys and sells firearms with the goal of turning a profit, they need a license while someone making occasional sales from a personal collection does not. The ATF does not define how many guns one needs to sell to require a license but instead relies on a host of other factors that accompany the unlicensed sales such as advertising, selling and payment methods. For instance, presenting oneself as a licensed dealer on business cards and accepting credit cards could be a factor. However, the agency may issue a warning if these factors are present “when only one or two transactions took place.”"