Francetic Tax Resolution LLC - July 2021

Francetic Tax Resolution LLC - July 2021

JULY 2021

262-752-6992

WWW.FRANCETICTAXRESOLUTION.COM

ONE ORDER OF RINGS TO RULE THEM ALL

Where I Find the Best Onion Rings in Wisconsin

In January of 2020, I went cold turkey on sugar. I made the decision after loading up on cookies and brownie squares at a conference, then getting sick as a dog from the sweets on the plane ride home. It took seven days for my stomach to recover. Once I felt human again, I decided, “That’s it, I’m off the stuff!” But there’s one unhealthy thing I’ll probably never be able to quit: deep-fried onion rings.

I’m not much of a cook, so I’ve never attempted to deep-fry onion rings at home. If you have and it’s worth risking the grease burns, let me know! When I was a kid, my mom used to buy frozen onion rings and bake them for us, but they were the breadcrumb-coated kind. I’ve made those a few times myself in the oven, and they just make me sad, so I’ve stopped buying them. If

I have to choose between staying home and eating breaded onion rings or going out and getting deep-fried ones, I’m going with option two, hands down.

I have a real penchant for onion rings, and there’s a particular kind I look for. When you pick up the perfect ring, it should

be golden brown and covered in bubbles of smooth batter. Every bite must have a satisfying, slightly greasy crunch. Above

At this point, you might be wondering, “Paul, why the heck are you spending an entire newsletter talking about onion rings?” Well, if you can believe it, June 22 was actually National Onion Rings Day. They

all, the perfect onion ring needs to be deep-fried.

Here’s the truth: Good onion rings just aren’t good for you. Some restaurants sell rings coated in breadcrumbs instead of batter to be a little bit healthier, but

really do have a holiday for everything. I don’t need an excuse to swing by Kopp’s Frozen Custard, but I take every reason I can get anyway. On June 22, I was right there at the shiny silver counter, putting in my order, and I’m still thinking about it. If you missed out on National Onion Ring Day last month, it’s not

I’m partial to splurging on the real deal: hot, fresh rings that come straight out of that delicious-yet-awful cooking oil. I’m not even ashamed.

In my connoisseur’s opinion, Kopp’s Frozen Custard in Milwaukee has the best onion rings in the state. Luckily for me, I have clients strategically located all around Kopp’s, so I can stop by for onion rings and a hamburger with the works at least once a week! If a craving hits while I’m at home, I’ll also settle for an order of rings from Culver’s in a pinch. (Where is your favorite spot to get onion rings? I’d love to know, just in case I’ve overlooked it. Send me an email or fill me in on our next call.)

too late to go grab a bite!

Paul Francetic

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WHAT WILL HAPPEN TO CRYPTOCURRENCY IN THE U.S.? AND WHY THIS COULD AFFECT YOU

REGULATORY UNCERTAINTY IN THE U.S. Although criminal usage of cryptocurrency is rather miniscule today, how do you resolve issues with ransomware? One rule proposed by the U.S. government would require anyone holding crypto in a private digital wallet to undergo identity checks if they make a transaction of $3,000 or more. Many believe, however, that this isn’t a long-term solution. Jesse Powell, the CEO of Kraken, the world’s fourth-largest digital currency exchange, told CNBC that the U.S. is more “shortsighted” than other nations and “susceptible” to the pressures of incumbent legacy businesses, like banks, that “stand to lose from crypto becoming a big deal.” Technically, the Securities and Exchange Commission (SEC) regulates most crypto, but even Hester Pierce, a commissioner of the SEC, says, “We’ve seen other countries take a more productive approach to regulating crypto. Our approach has been to say no and tell people [to] wait … we need to build a framework that is appropriate for this industry.” In some ways, crypto is profitable like the stock market is, except you can also use it to purchase goods and services. While this regulatory framework isn’t clear just yet, the longer it takes to establish, the more the American public, like you, might lose out on these multibillion-dollar markets.

Even if you’re not familiar with cryptocurrency, you’ll notice one thing about its market trends — it has been trending higher and higher in the past decade. Then suddenly, in mid-April this year, Bitcoin and other cryptocurrencies plunged significantly in value. That’s because the U.S. government has started the conversation it’s been putting off for some time: Should cryptocurrencies be regulated and, if so, how? Here are some reasons the discussion needs to move forward. CRIMINAL USAGE OF CRYPTOCURRENCIES Is cryptocurrency still popular with criminals? A blockchain >Page 1 Page 2 Page 3 Page 4

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