Form 8594 must also be filed if the purchaser or seller is amending an original or a previously filed supplemental Form. 8594 because of an increase or decrease.Who Must File Form 8594? Both the seller and purchaser of a group of assets that make up a trade or business need to file Form 8594. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Go to Screen 65, Asset Acquisition Statement (8594) (Screen 58 for S-Corp). Learn how to file form 8594 and when to file. The City's FY 2017 Adopted Budget does not include a City property tax rate increase.