This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Acquisition Form 8594 Instructions In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00419
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. Enter your name and taxpayer identification number (TIN) at the top of the form.Then check the box for Purchaser or Seller. Did you buy or sell a business during the tax year? If so, you may need to file IRS Form 8594 with your federal tax return. The form you mentioned, Form 8594, is used to report when business assets change hands, and the date you choose can affect your taxes.