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.
Person Law and Legal Definition A person, for legal purposes, is generally more broadly defined to refer other than just a natural person. A person may also include a corporation, company, partnership, firm, association or society. For example, when a company incorporates, it has standing as a legal person to sue and be sued in courts of law. The precise definition of a person may vary by state and applicable laws.