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 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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Form 8594, Asset Acquisition Statement, if you sell your business. Find and download Nevada tax forms, including resources and guidelines to ensure accurate and timely filing with the Nevada Department of Taxation. This publication provides general information about the federal tax laws that apply to you if you are a self-employed person or a statutory employee. Use Schedule C (Form 1040) to report income or (loss) from a business you operated or a profession you practiced as a sole proprietor.