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 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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Kevin would file a Form 8594 outlining the allocation of purchase price amongst the assets purchased. Even without the assumed liabilities, this amount far exceeds the price attributed to real property on the original conveyance fee statements. For purposes hereof, Buyer Burial Resolutions as defined in Section 5.22 shall constitute an Assumed Liability. (b) Retained Liabilities.