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. This application must be filed at least 20 days before either taking possession of the business assets or paying for them, whichever comes first.Use the free New Jersey Online Filing Service to file your 2024 NJ-1040 return. It's simple and easy to follow the instructions, complete your NJ tax return,. The FAQs below contain general information to assist in the administration of tangible personal property tax. Business License Application and Renewal is Online!