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. Our Community Outreach team conducts trainings, and delivers information about payment plans and other services directly to taxpayers.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 if goodwill or going concern value. 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. IRS Form 8594 only requires a breakdown of asset value into seven categories, designated as "Classes I through VII. These instructions will explain those changes and how best to fill out your return. Real Estate Services Forms. Note: These documents must be prepared in accordance with ORC 317.114 - Standard format of instruments to be recorded.