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 With The Irs In Travis
Category:
State:
Multi-State
County:
Travis
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. 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. Only one copy of Form 8594 is allowed to be e-filed per return. To file multiple copies, you will need to manually complete the additional copies. â–¶ Attach to your income tax return. Both the buyer and the seller in an asset acquisition are required to file the Asset Acquisition Statement, Form 8594, with the IRS. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.