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.
A corporation is a legal person that can be created under state law. As a person, a corporation has certain rights and obligations, including the right to do business in its own name and the obligation to pay taxes. Some laws use the words natural persons.. A natural person refers only to human...