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 Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00419
Format:
Word;
Rich Text
Instant download
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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. 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. Filing Form 8594 protects each party. c. Nontaxable and Partially Taxable Transactions. If you're buying or selling a business, the Internal Revenue Service requires you to complete Form 8594. Use this helpful guide to assist you along the way. To order Form 8594, you may call toll-free 1-800-424-FORM. A copy of the form and its instructions appears below. Included as part of intangibles that we purchased is key personnel valued at 300K.