Form 8594 must also be filed if the purchaser or seller is amending an original or a previously filed supplemental Form. 8594 because of an increase or decrease.Section 1060 Acquisitions. In an asset sale, Seller and Acquiror each must complete Form 8594, Asset Acquisition Statement. The buyer must also file Form 8594 for the transaction. Both the buyer and seller must file Form 8594 with their respective tax returns for the year of the transaction. Amarantus shall prepare and deliver IRS Form 8594 to Regenicin within seventy-five (75) days after the Payment Date to be filed with the IRS.