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 Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00418
Format:
Word;
Rich Text
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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. The form serves as a record for the IRS, detailing how the purchase price is allocated among various assets to reflect their fair market value.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. Generally, both the buyer and seller are required to file Form 8594, Asset Acquisition Statement, provided the sale meets the following two conditions:. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. The IRS requires both the buyer and seller to submit Form 8594, which outlines the purchase price allocation.