<prompt> Human: So me and 2 of my friends recently started a partnership LLC and Ive been reading about taxes and such and I came across estimated taxes. Im a little confused as to what that is. From my understanding its a payment to the IRS we would make I believe each of us would do our own each quarter. How do I figure out how much to give ? Where do I pay it ? Each month I put away 33 of net income for taxes , is this separate from that ? Thank you !  <response>: Surely you and your two friends have scheduled a meeting with a CPA? If you have not, it will be good money well spent to insure that you choose the correct tax structure for your LLC. Whether estimated taxes are even involved depend on the decisions you make about the tax structure. 