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. This word is applied to men, women and children, who are called natural persons. In law, man and person are not exactly synonymous terms. Any human being is a man, whether he be a member of society or not, whatever may be the rank he holds, or whatever may be his age, sex, &c.erson. n. 1) a human being. 2) a corporation treated as having the rights and obligations of a person. Counties and cities can be treated as a person in the same manner as a corporation.