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 Requirements In Palm Beach
Category:
State:
Multi-State
County:
Palm Beach
Control #:
US-00418
Format:
Word;
Rich Text
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Generally, both the purchaser and seller must file Form 8594 and attach it to their income tax returns (Forms 1040, 1041,. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.Purchaser agrees to provide seller with a draft Form 8594 within ninety (90) days after closing for review and comment. Both entities must submit IRS Form 8594 with matching allocations. Such alignment reduces audit risk. – The Form 8594 must be attached to each filer's timely filed Federal income tax return.