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.Individuals use Form 8949 to report the following. • The sale or exchange of a capital asset reported on a Form. 1099-K. 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. "Assignment and Assumption Agreement" means an Assignment and Assumption. Agreement in the form of Exhibit B hereto. 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. Texas Comptroller of Public Accounts The Texas Comptroller's office is the state's chief tax collector, accountant, revenue estimator and treasurer.