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The video tutorial discusses IRS Form 966, which is required for corporate dissolutions or liquidations in the U.S. It applies to both regular for-profit corporations and LLCs that have elected to be taxed as C corporations. When closing an entity, the form must be filed within 30 days after adopting a dissolution plan. The tutorial outlines how to complete the form, beginning with straightforward sections including the corporation's name, mailing address, EIN, and the type of return being filed, specifically a standard C Corp return (Form 1120). Further details on the form's elements and necessary accompanying information are covered to ensure accurate submission.