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. 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.IRS Form 8594 walkthrough (Asset Acquisition Statement under IRC Section 1060). Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 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,. 1. Gather necessary documentation for the asset sale. Below is a numerical list of the Probate Court forms available to the public. This Child Support Guidelines Calculator is for informational purposes only and is not a guarantee of the amount of child support that will be ordered. Did you buy or sell a business during the tax year?