Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Generally, both the purchaser and seller must file Form 8594 and attach it to their income tax returns (Forms 1040, 1041,.It is not technically mandatory for buyer and seller to submit equal purchase price allocations on their respective Form 8594 following an acquisition. By accurately filling out Form 8594, businesses can correctly determine the tax implications of each component.