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 Washington
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State:
Multi-State
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. 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.When buying the assets of a business, some are subject to sales or use tax, while others are not. Items subject to retail sales tax. The regulation also provides that both a seller and a purchaser must each file an asset acquisition statement on Form 8594. When and Where to File. – The seller and purchaser must file Form 8594 as an attachment to their respective income tax return for the year in which the sale.