Use Form 8883 to report information about transactions involving the deemed sale of corporate assets under section 338. Generally, both the purchaser and seller must file Form 8594 and attach it to their income tax returns (Forms 1040, 1041, 1065, 1120, 1120-S, etc.)The sum of the amounts allocated to Classes IV and V are reported in the aggregate on Form 8594. See Appendix A; see also T.D. 8711 (Jan. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. The MoCat began, to serve in the capacity of a single source for bibli ographic information, fulfilling the require ments of the 1895 act, which stand to this.