The Gross Income Song

Section 61 is for gross income, section 61 is GI.

Section 61 is for gross income, and it comes from any source it is derived.

You can get gross income from services from dividends and property

You can get gross income from business and royalties

You can get gross income from a decedents, like an insurance policy

or contracts and dividends and trusts and alimony

and I said Section 61 is for Gross Income

Section 61 is GI

Section 61 is for Gross Income

and it comes from any source it is derived.

But, did you really know what Professor Shurtz said,

that GI can be realized from receipts or benefits

These benefits include services and meals

but also stock and lodging, property which does appeal

Section 61 is for Gross Income

Section 61 is GI

Section 61 is for Gross Income

and it comes from any source it is derived.

I wanna tell you a story

about Cesarini's treasure trove

The IRS wanted the money, but Cesarini said Oh No

This money ain't Gross Income

cause I didn't even know it was there

We found it many years later and it's ours fair and square

Well, fair and square it may have been, but you must

claim that loot.

Cause under 61, it can be taxed and it was yours without dispute

Here we go, Section 61

is for Gross Income

Section 61 is GI

Section 61 is for Gross Income

and it comes from any source it is derived.