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In this video, the presenter discusses IRS Form 966, which is required for corporate dissolutions or liquidations. This form must be filed within 30 days after adopting a plan or resolution to close a U.S. corporation or an LLC taxed as a C-corp. The tutorial covers the necessary elements to include in the form to ensure proper filing. Key points include detailing the corporation's name, mailing address, EIN, and the type of return being filed, specifically noting the standard C-corp return 1120 if applicable. The video aims to guide viewers through the form to avoid mistakes in the dissolution process.