Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale if goodwill or going concern value. Preclosing liabilities in the face of express contractual language in the asset purchase agreement to the contrary. Call the IRS at to obtain a number. (Whole Dollars Only). Check the box for the return for which you are using this Form 8879-EO and enter the applicable amount, if any, from the return.