In most cases, you must make estimated tax payments if you expect to owe $1,000 or more in taxes for the yearâover and above the amount withheld from your wages. In some cases, though, the $1,000 trigger point doesn't matter.
Natural Person Law and Legal Definition. Natural person is a real human being or an actual person as distinguished from a corporation which is often treated at law as a fictitious person. Legal Definition list.
The term legal person is often used to define a company. While it is true that all companies are legal persons, not all legal persons are companies. There are other persons, namely natural persons, examples of which would be you and I â humans.