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.
Since a natural person is an entity (see Â§ 801.1(a)(2)), a natural person and a corporation which he or she controls are part of the same âperson.â If that natural person controls two otherwise separate corporations, both corporations and the natural person are all part of the same âperson.â.