[Verse 1]
When a corporation earns its daily bread
Revenue flows through channels overhead
Active business versus passive streams
Property income splits the seams
Rental payments, interest gains
Different buckets, different chains
[Chorus]
Business income climbs the ladder
Property income gets much fatter
Deduct what's reasonable and true
Profit calculation's calling you
Sections nine through thirty-seven
Business fundamentals, accounting heaven
[Verse 2]
Capital expenditures won't disappear
They depreciate year after year
Current expenses hit today
Meals and entertainment? Fifty percent they pay
Home office costs must allocate
Personal use can't participate
[Chorus]
Business income climbs the ladder
Property income gets much fatter
Deduct what's reasonable and true
Profit calculation's calling you
Sections nine through thirty-seven
Business fundamentals, accounting heaven
[Bridge]
Inventory methods FIFO flow
LIFO's banned, weighted average grows
Bad debts written, reserves denied
Prepaid expenses must divide
Source deductions, matching principle
Income recognition's never simple
[Verse 3]
Adventure, concern in nature of trade
Business income classification's made
Profit motive drives the test
Frequency and commonality blessed
Integration with other streams
Validates your business schemes
[Final Chorus]
Business income climbs the ladder
Property income gets much fatter
Deduct what's reasonable and true
Profit calculation's calling you
Sections nine through thirty-seven
CPA knowledge, accounting heaven
[Outro]
Calculate the bottom line
Business income's by design