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.Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Go to Screen 65, Asset Acquisition Statement (8594) (Screen 58 for S-Corp). Enter a 1 or 2 in the field 1=buyer, 2=seller (MANDATORY). Note: This form must be downloaded to your device in order to be filled out properly. It must be opened in Adobe Acrobat Reader. Learn how to file form 8594 and when to file. GAAP requires management to provide a narrative introduction, overview and analysis to accompany the basic financial statements in the form of a.