Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 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. However, the purchase of farm real estate alone does not represent a going concern business, and the Form 8594 is not required. The IRS requires that both the seller and purchaser of the business individually fill out Form 8594 Asset Acquisition Statement. Kevin would file a Form 8594 outlining the allocation of purchase price amongst the assets purchased.