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.Policies and administrative service agreements to Buyer, in a form reasonably acceptable to Buyer which form shall be subject to Buyer's advance review. 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. Download IRS Tax Form 4797 with instructions. Bystep guide for accurate reporting of business property sales ensuring IRS compliance. Asset Purchase and Sale Agreement dated January 20, 2023 from MYOS RENS TECHNOLOGY INC. Filed with the Securities and Exchange Commission.