Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. IRS Form 8594 walkthrough (Asset Acquisition Statement under IRC Section 1060).Complete Part III and file a new Form 8594 for each year that an increase or decrease in consideration occurs. ✓ Complete IRS Form 8594 Asset Acquisition. The "Recorder Sample Documents" below is a partial list of commonly used recording forms and a description of each. This form called the Statement of Specified Foreign Financial Assets, has become essential for those who must disclose their holdings to the IRS. Requires taxpayers to file Form 8594, Asset Acquisition Statement, when there is a transfer in the ownership of a business.