Form 8594 And Contingent Consideration In Santa Clara

Category:

Small Business - Business Sale

State:

Multi-State

County:

Santa Clara

Control #:

US-00418

Format:

Instant download

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Description

This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.

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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 tax professional who comes into contact with such a situation should consider the need to file Form 8594, or to revise the valuation of specific assets. In an asset sale, Seller and Acquiror each must complete Form 8594, Asset Acquisition Statement. Under Section 1060 (Rev. Feb. Included as part of intangibles that we purchased is key personnel valued at 300K.

Form 8594 And Contingent Consideration In Santa Clara

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