If you are a self-employed person with a "single member LLC", the IRS treats you as a "disregarded entity" unless you elect to be treated as something else. In other words, the IRS approach is "you are treated for tax purposes just like any other self-employed person".
Self-employed persons don't send themselves a W-2. Instead, you just report your income and expenses on your tax return (Schedule C) and pay income tax and self-employment tax (Social Security and Medicare) on the "net income".
If you are making money in your self-employed business, you should be making estimated tax payments throughout the year, to avoid penalties and a big tax due at filing time. In other words, the income tax and self-employment tax is due "as the money is earned". What you pay in estimated taxes during the year gets subtracted from your total tax, basically like withholding on a W-2.
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