152(e), a child may be treated as the qualifying child of the noncustodial parent when certain criteria are met, including that the custodial parent signs a written declaration (such as Form 8332) releasing claim to the exemption for the tax year, and the noncustodial parent attaches the signed declaration to his or her return.
What does CP stand for?
CP stands for Custodial Parent (child support enforcement; parent or guardian having legal custody of a minor child)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of CP
We have 227 other meanings of CP in our Acronym Attic
- Crystal Palace
- Crystal Peaks (Sheffield Shopping Centre, UK)
- Crystal Planet (Joe Satriani album)
- Crystal Plaza (Crystal City, Arlington, VA)
- Cupsogue Pictures (film production company; est. 2006)
- Curious Pastimes
- Currency Pair (finance)
- Current Processing
- Curved Path
- Custard Powder
Samples in periodicals archive:
Whereas, on the other hand, the custodial parents abuse the lax judicial procedures to delay the meetings, as a result of which children are usually kept from meeting of their own non-custodial parents sometimes for years.
Even if a state does not have a formal requirement of this type, the non-custodial parent often agrees to pay a monthly sum to the custodial parent or to a trust for the benefit of the adult child with a disability.
Not only can the custodial parent who's owed the back child support possibly collect a lump-sum equivalent of the arrearage, most states provide for statutory interest to accrue over the period of the arrearage.
The court had previously held that the custodial parent has a presumptive right to relocate and retain custody, unless the other parent can show that the move would be detrimental to the children.
The problem was that many states had gotten used to sitting on all checks from all remarried parents for the full six months--despite evidence, the GAO reported, that most spouses filed their claims upfront, along with their tax returns, obviating the need for a delay: In such cases, the IRS will now calculate the amount owed to the custodial parent and the new spouse simultaneously, which means the states can immediately distribute whatever child support is owed.
When the parents are no longer together, the role of the custodial parent is particularly crucial in determining the amount of contact children have with their non-custodial parent.