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. 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. The outstanding balance of principal and interest shall be paid, in full, on the one-year anniversary of the Closing Date. 1.4 Assumed Liabilities. Use this form to report ownership of a mobile home in Fairfax County.