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 Michigan
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State:
Multi-State
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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.Line 1: Enter the name, address, and Tax Identification Number (TIN) of the other party (either the purchaser or seller). Enter your name and taxpayer identification number (TIN) at the top of the form. Then check the box for Purchaser or Seller. 1. Gather necessary documentation for the asset sale. Fill in the amount from Form 1, line 14 . . . . . 1. 2. Forms and Instructions. You will need Adobe Acrobat Reader installed to view the tax forms listed below.