This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Form 8594 For Stock Purchase In King
Category:
State:
Multi-State
County:
King
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
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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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.The tax professional who comes into contact with such a situation should consider the need to file Form 8594, or to revise the valuation of specific assets. 1. Gather necessary documentation for the asset sale. I was told to fill out form 8594 this year buy the purchase of my business. They said they need to match so it doesnt throw any red flags. The purpose of Form 8594 is to determine the treatment of the assets for tax purposes, establish the basis of the acquired assets for the purchaser.