This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Form 8594 For Stock Purchase In Ohio
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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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.The seller should also have a Form 8594 that they filed with their return. Both buyer and seller are supposed to attach this form to their respective tax returns in the year of sale. Both buyer and seller fill out Form 8594 on their respective tax returns showing the allocation. Taxable Stock Sales. Reciprocity Exception: Full-year nonresident living in a border state does not have to file if the nonresident's only Ohio-sourced income is wages.