Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 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. IRS Form 8594 defines seven asset classes to which the entire purchase price must be allocated. Technically, buyer and seller Form 8594's should never match. This edition of Tax Advisor Weekly examines the following tax accounting aspects as well as items to consider in purchase accounting. Peco and the seller agreed on a detailed allocation of the purchase price across the assets and filed a Form 8594 to finalize their purchase price allocations.