@cowdogman
You said "There is no requirement for a self-employed person to pay himself wages."
That's true but I also thought it was actually not allowed.
Quoting I dont know who . . . "Sole Proprietorship or Partnership: In most cases, you're not allowed to be on payroll. You can still pay yourself from the company's income, but that pay is not tax-deductible. ... In both sole props and partnerships, you'll pay self-employment tax on the full amount of business profit each year"
"owners cannot be considered employees of their company nor can they receive compensation in the form of wages and salaries."
I would like to know if this is incorrect.
