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 For Stock Purchase In Georgia
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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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. 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. The seller and the buyer each use Form 8594 to allocate the assets among seven asset categories. Allocation is based on the fair market value. Both entities must submit IRS Form 8594 with matching allocations. Such alignment reduces audit risk. The acquisition of assets is often also associated with a transaction in which the buyer and seller will need to complete IRS form 8594. Both buyer and seller fill out Form 8594 on their respective tax returns showing the allocation. When and Where to File.