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 Purchase Form Irs In King
Category:
State:
Multi-State
County:
King
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. 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.â–· Attach to your income tax return. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. This form provides the IRS with a detailed breakdown of how the purchase price is allocated across different asset categories. To order Form 8594, you may call toll-free 1-800-424-FORM. Learn how to file form 8594 and when to file. Fill out only lines 15 through 25 of each worksheet Form 8824.