This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Form 8594 Foreign Buyer In Cook
Category:
State:
Multi-State
County:
Cook
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
Free preview
Form popularity
More info
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.Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. The buyer must also file Form 8594 for the transaction. Go to Screen 65, Asset Acquisition Statement (8594) (Screen 58 for S-Corp). In Part IGeneral Information, enter the name, address, and TIN of the other party to the transaction (purchaser or seller). Form 8594 is the Asset Acquisition Statement, which the buyer and seller must complete and submit to the IRS. Included as part of intangibles that we purchased is key personnel valued at 300K. Form 8594 will be amended each year over the next four years. Questions: - Does the cap gain portion go directly to Schedule D on my 1040?