It includes all costs associated with putting an asset into use (such as sales tax, delivery and freight charges, installation, labor, etc.). Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.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. You may file your Business, Professional and Occupational License (BPOL) via online, email, mail, or in person at our business tax department. The instructions are also provided under Forms on this website. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement. Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets.