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. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity.A taxable asset purchase allows the buyer to "step up," or increase, the tax basis of the acquired assets to reflect the purchase price. 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. You may also use this form to request a refund of estimated payment(s) for tax paid on resident members' shares of income if the. We offer several ways for you to obtain Maryland tax forms, booklets and instructions. You can also file your Maryland return electronically online. Electronically filed returns.