Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Form 8594 must also be filed if the purchaser or seller is amending an original or a previously filed supplemental Form.8594 because of an increase or decrease. The most common type of business sale is when an entity sells its business assets. The form serves as a record for the IRS, detailing how the purchase price is allocated among various assets to reflect their fair market value. OVERVIEW: This resolution will authorize the form of Preliminary Official Statement (POS) and Official Statement. Requires taxpayers to file Form 8594, Asset Acquisition Statement, when there is a transfer in the ownership of a business.