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 Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.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 parties to an applicable asset acquisition are each required to file an information statement: •. 1. Gather necessary documentation for the asset sale.