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. You are not required to file.Form 8594 if any of the following apply. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. Your preparation and careful tax planning may help determine whether the closing of the sale has significant tax issues. Both parties are required to file Form 8594 alongside their respective tax returns to report the tax consequences of the asset acquisition accurately. 79Tax year and tax return form number with which the original Form 8594 and any supplemental statements were filed.