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.Page. ARTICLE 1 PURCHASE AND SALE OF ASSETS. 1. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Gov, click on "I need to pay my taxes," and select.