Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. This title contains nearly 200 forms and precedents on equipment leasing and the sale and operation of a business.Secure your San Antonio small business's transactions today! Our asset purchase agreements from Dan Burke are created to account for all of your assets. Buying or selling a business? Answer a few simple questions to create your own Business Purchase Agreement. Section 167 of the Excise Tax Act (the Act) contains provisions for two elections that apply to the sale of a business and its assets. 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. Oak View Group is the global leader in venue development, management, and premium hospitality services for the live event industry.