[Verse 1]
Founded Atlas Corp with Stripe as the way
Hundred thousand dollars flowing in each day
Founder works remote from lands across the sea
No salary paid, just accumulating free
[Chorus]
Form eleven-twenty, gotta file it right
Twenty-one percent on profits, corporate tax bite
Fifty-four-seventy-two when founder deals are made
Reasonable compensation, can't let it fade
Atlas Corp with revenue, but founder takes no pay
IRS is watching, audit risk today
[Verse 2]
Services performed from outside US ground
But the taxman says that salary should be found
Reasonable compensation for the work you do
Can't avoid payroll taxes, they'll come for you
[Chorus]
Form eleven-twenty, gotta file it right
Twenty-one percent on profits, corporate tax bite
Fifty-four-seventy-two when founder deals are made
Reasonable compensation, can't let it fade
Atlas Corp with revenue, but founder takes no pay
IRS is watching, audit risk today
[Bridge]
Accumulated earnings, section five-three-one
Twenty percent more tax when retention's overdone
Then dividends get hit with thirty percent more
Forty-five percent total, that's the final score
[Verse 3]
Corporate account growing, money sitting there
But the double taxation makes you stop and stare
First the corp tax hits, then withholding too
Planning is essential for what you're gonna do
[Chorus]
Form eleven-twenty, gotta file it right
Twenty-one percent on profits, corporate tax bite
Fifty-four-seventy-two when founder deals are made
Reasonable compensation, can't let it fade
Atlas Corp with revenue, but founder takes no pay
IRS is watching, audit risk today
[Outro]
Delaware C-Corp, Stripe Atlas made
Revenue generating, but the price is paid
Founder takes no salary, risks are on display
Tax compliance matters every single day