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The Connecticut Department of Motor Vehicles office in Hamden, Connecticut. The Connecticut Department of Motor Vehicles is a state agency of Connecticut (in the United States) that manages state driver's licenses and vehicle registration. The agency has its headquarters in Wethersfield.
Connecticut recently increased its lifetime gift tax exemption to $2.6 million, and it will continue to climb in the coming years. This means you won’t owe a Connecticut gift tax unless the ...
The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...
A gift tax, known originally as inheritance tax, is a tax imposed on the transfer of ownership of property during the giver's life. The United States Internal Revenue Service says that a gift is "Any transfer to an individual, either directly or indirectly, where full compensation (measured in money or money's worth) is not received in return."
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