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.
Form 8594 For Stock Purchase In Virginia
Category:
State:
Multi-State
Control #:
US-00418
Format:
Word;
Rich Text
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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. About 4 years ago I completed this form for a client who sold a business.I used the numbers per the purchase agreement. Both buyer and seller fill out Form 8594 on their respective tax returns showing the allocation. Taxable Stock Sales. The sum of the amounts allocated to Classes IV and V are reported in the aggregate on Form 8594. See Appendix A; see also T.D. 8711 (Jan.