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 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.This form provides the IRS with a detailed breakdown of how the purchase price is allocated across different asset categories. Changes in the value of these items, including investment results in pension plan assets, liabilities of Caritas and accrued interest of Caritas' outstanding. Fill out and attach the Electronic Funds Transfer Authorization Form (EFT) included in this application. A bill of sale and assignment, substantially in the form. The buyer and the seller must generally report to the IRS the purchase price allocations that both use on IRS Form 8594, "Asset Acquisition Statement."