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.â–· Attach to your income tax return. Call the IRS at (559) 452-4010 to obtain a number. When can I close the estate and distribute the assets? Obtaining Zoning Clearance is the first step in getting a business license. This Asset Purchase Agreement (the Agreement ) is made as of the 22nd day of February,.