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,.Kevin would file a Form 8594 outlining the allocation of purchase price amongst the assets purchased. This packet contains up-to-date information about Nevada's taxes and how they might impact your business.