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In this video, the tutorial focuses on IRS Form 966, which is necessary for corporate dissolutions or liquidations. If you have a U.S. corporation or an LLC taxed as a C-corp and plan to close the entity, you must file Form 966 within 30 days of adopting a closure resolution. The presenter explains the form's components, including the corporation’s name, mailing address, EIN, and the type of return being filed (standard C-corp return 1120). He emphasizes the importance of correctly completing the form and accompanying it with the necessary documents to ensure compliance.