Here is a post earlier in the thread from @HelenaC
No, a Single Member LLC cannot issue themselves a W-2. An individual owner of a single-member LLC that operates a trade or business is subject to the tax on net earnings from self employment in the same manner as a sole proprietorship. You are not allowed to deduct wages you pay yourself. Net earnings are reported on Form 1040 Schedule C, Profit or Loss from Business (Sole Proprietorship) .
You must amend your Payroll Tax Returns to reverse your payroll. For additional information, click on Correcting Employment Taxes | Internal Revenue Service - IRS.gov.
I also saw you were looking for a link from an IRS source saying how you should pay yourself.
Pay Yourself
Employers use Form 941 to:
- Report income taxes, Social Security tax, or Medicare tax withheld from employees' paychecks.
@mark-makuch
