Use Form 8883 to report information about transactions involving the deemed sale of corporate assets under section 338. 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 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. With more than 2,800 federal and state forms and schedules, including state resident, part-year resident, nonresident, and automated. The Texas franchise tax is a privilege tax imposed on each taxable entity formed or organized in Texas or doing business in Texas.