If I am a sole owner LLC, do I use an owner equity account for estimated federal income tax and and both parts of self-employment tax payments?

@cdbetts2001 

I assume you are taxed as a sole proprietorship?  If so, you record all money taken out of the business as draws from your owner's draw equity account.  You do not record the employer-equivalent portion of self-employment as a business expense - you take that deduction as a reduction of your adjusted gross income on your personal return.