Form 8594, before the numbers are final

Form 8594 is the federal asset-acquisition statement used by purchaser and seller when a transfer satisfies the Section 1060 conditions described by the IRS. It reports transaction facts and a purchase-price allocation across asset classes; it does not create the values. Before signing an allocation, reconcile the agreement, consideration bridge, asset register, fair-value support, contingent payments, and both sides' reporting plan. A qualified tax professional should determine applicability, classification, allocation, filing, and consequences for the actual deal. Understand when Form 8594 may enter a business sale, what buyer…