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. 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.Facilities Management will not transfer any asset without completing. Management will not transfer any asset without completing Form FA01. ITD is responsible for the transfer of all technology assets. IRS Form 8594 walkthrough (Asset Acquisition Statement under IRC Section 1060). In general, Texas has very few official legal forms. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.