Get Irs 8594_dsa

The IRS Form 8594, also known as the Asset Acquisition Statement, is essential for reporting the acquisition of a group of assets. This guide provides clear, detailed instructions on how to fill out the form online, ensuring users can accurately complete their submissions with confidence.

Follow the steps to complete the IRS 8594_DSA online.

1. Press the ‘Get Form’ button to acquire the IRS Form 8594 and open it in your preferred online editor.
2. Enter your name as shown on your income tax return in the designated field.
3. Provide your identifying number in the section labeled ‘Identifying number as shown on return.’
4. Select the appropriate box to identify your role in the transaction, either as the purchaser or seller.
5. In Part I, fill in the name of the other party involved in the transaction and their identifying number.
6. Complete the address section with the number, street, room or suite number, city or town, state, and ZIP code of the other party.
7. Record the total sales price (consideration) and the date of sale in the corresponding fields.
8. In Part II, enter the original statement of assets transferred along with the allocation of sales price for each asset class.
9. For each class, provide the aggregate fair market value as applicable, ensuring all amounts are accurate.
10. Answer the questions regarding the allocation of sales price and attach documentation if necessary.
11. If applicable, provide details on any additional agreements related to the purchase, including attaching a statement as required.
12. Complete Part III only if you are amending a previously filed statement, detailing the original and redetermined allocations.
13. Explain the reasons for any increase or decrease in consideration, attaching additional sheets if needed.
14. Once all sections are filled out, review your entries for accuracy. Save your changes, and download, print, or share the completed form as needed.

Begin the process of completing your IRS Form 8594 online today.