Existing Single-Member LLC merchants will now receive a banner notifcation prompting them to confirm their Disregarded Entity status if missing.

• Banner directs them to add required tax classification
• Automatically updates SSN/EIN alignment as needed
• Ensures correct 1099 reporting going forward

Ensures the 1099 is issued to the correct taxpayer’s name and ID for SMLLC merchants – preventing IRS mismatches and reporting delays.