USA SMLLC - Form 8594 and Balance Sheet


Joined
Apr 10, 2018
Messages
4
Reaction score
0
Country
United States
Have a client that bought a SMLLC with a liquor license. Confirmed by a CPA and his lawyers who closed the deal, the old EIN continued to the new owner. I was also told (though I have not seen the closing docs or contract) the transfer was handled as a "stock" deal, and not an asset sale.

I don't believe there was an agreed valuation of assets or any kind of balance sheet given to the buyer.

- Is a Form 8594 required in this scenario? My client is filing a Schedule C.

- How does one file a correct Form 8594 if there is no asset list and the seller is likely to not file one at all?

Any help here is much appreciated!
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

Form 8594 0
USA Balance sheet after acquiring SMLLC 0
balance sheet form? 5
Form 8594 Sale of Business 0
balancing of Balance Sheet 1
Balance Sheet 5
balance sheet 1
USA Balance sheets 1

Top