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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.Individuals use Form 8949 to report the following. • The sale or exchange of a capital asset reported on a Form. 1099-K. 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. You must file Form 8300 within 15 days after the date the cash transaction occurred. About Form 1099S, Proceeds from Real Estate Transactions. More In Forms and Instructions. What information do I need to complete Schedule-D ? Applying for an Offer in Compromise does not have to be difficult.