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hey there youtube so in this video i wanted to cover the irs form 8594 the asset acquisition statement this form is filed during the tax year by both the buyer and the seller of a business so if a buyer acquires assets using a trader business from a seller both parties have to file this form with their tax return to report the acquisition so we want to go over uh highlights of the form and then an actual example so ive got two slides and then an example of an 85 94. okay so who needs to file like i just noted its filed by both the seller and the buyer of group of assets and these are assets that comprised a trade or business so in the example were going to look at if you buy lets say a corner store from a seller the corosaur has multiple assets within it right its going to have the building itself its going to have some inventory right some stock and then its going to have you know some equipment furniture fixtures other things like that and so if you want to buy the corner stor
