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Instructions for Form 8275 R Rev February

Instructions for Form 8275 R Rev February

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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 i've got two slides and then an example of an 85 94. okay so who needs to file like i just noted it's 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 we're going to look at if you buy let's say a corner store from a seller the corosaur has multiple assets within it right it's going to have the building itself it's going to have some inventory right some stock and then it's going to have you know some equipment furniture fixtures other th

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