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. 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.Please indicate if you are filling out this form as: Authorized Agent. Fiduciary. IRS Form 8594 walkthrough (Asset Acquisition Statement under IRC Section 1060). Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.