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. 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. 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. This booklet is designed to provide information and assist corporations in filing their Georgia corporate tax returns. You list the assets, plus the value and sale price of each, on Form 8594: Asset Acquisition Statement under Section 1060. Enter your name and taxpayer identification number (TIN) at the top of the form.