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. A purchaser of the assets of a business will be liable for any unpaid sales tax of the seller, as well as any accrued interest and penalties related thereto.Ohio Business Taxes. Name: Phone: Email: 6. Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets. If your taxes were sold at a tax lien certificate sale, please contact FIG to work out payment arrangements. The Ohio sales and use tax applies to the retail sale, lease, and rental of tangible personal property as well as the sale of selected services in Ohio. A form 8594 needs to be completed and both the seller and buyer need to attach this to their respective tax returns for the year of sale. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.