Complex sentence: "The Tracks of My Tears" is The Miracles' most recognized, most honored, and most covered song, ranked at or near the top of many "best of" lists in the music industry over the last 40 years.
Split into simpler sentences: The Tracks of My Tears is The Miracles' most recognized, most honored, and most covered song. It has been ranked at or near the top of many "best of" lists in the music industry over the last 40 years.