Examples of Asset Acquisition Statement in a sentence
Use Form 8594, Asset Acquisition Statement Under Section 1060, to provide this information.
The allocation of the Allocable Amount shall be reflected on a completed Internal Revenue Service Form 8594 (Asset Acquisition Statement under Section 1060), which Form will be timely filed separately by Seller and Buyer (and/or the Tax Partnership, as appropriate) with the Internal Revenue Service pursuant to the requirements of Section 1060(b) of the Code.
If Seller does not object in writing during such fifteen (15) day period, the Asset Acquisition Statement shall be final and binding on all Parties.
Seller shall have fifteen (15) days after receipt of the Asset Acquisition Statement to notify Purchaser in writing of any objections.
If the Parties are unable to reach an agreement within sixty (60) days of Seller’s receipt of the Asset Acquisition Statement, any disputed items shall be referred to the Independent Accountant for resolution.