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.Find and download Nevada tax forms, including resources and guidelines to ensure accurate and timely filing with the Nevada Department of Taxation. The allocation will also have to be reported to the IRS on Form 8594, Asset Acquisition Statement. To send this form via email, put in the subject line 'Nevada Business Registration' .