This form is an Asset Purchase Agreement. The seller agrees to sell to the buyer certain assets which are listed in the agreement. The form also provides that the buyer will not be responsible for any unfilled orders from the customers of the seller.
Asset Acquisition Form 8594 Instructions In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00419
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. Generally, attach Form 8594 to your income tax return for the year in which the sale date occurred.Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. 1. Gather necessary documentation for the asset sale. Enter your name and taxpayer identification number (TIN) at the top of the form. Then check the box for Purchaser or Seller. Requires taxpayers to file Form 8594, Asset Acquisition Statement, when there is a transfer in the ownership of a business.