Adnan Islam, Esq., CPA, is a partner with Friedman LLP, co-chair of the International Tax group, and leader of the Blockchain/Digital Asset Transactions group. He has nearly 15 years of public accounting experience as a licensed tax attorney and CPA. Adnan has served an array of industries and clients ranging from startups to publicly traded companies including Avon, MeadWestvaco, Honeywell, Verizon, Agilent, SunGard, Booz Allen, IDT, AMEX, Conair and various crypto (digital asset), private equity, and hedge funds. Adnan specializes in cross-border strategies, comprehensive inbound tax services, global information reporting, and structuring for crypto funds, blockchain, and digital asset services and trading companies.
As an industry thought leader, Adnan has lectured on international tax at TEI events, AICPA seminars, and has served as an adjunct professor for Golden Gate University Master’s in Tax curriculum. Adnan’s expertise includes advising clients at all stages of business and restructuring, with respect to FDII, GILTI, and subpart F and Section 956 exposure to avoid undesirable phantom income taxed at ordinary rates. Additionally, Adnan empowers his clients’ decision-making and improves their supply chain and operational efficiency, by utilizing holding companies, treaty country networks, and the FDII incentive within the Tax Cuts & Jobs Act. Adnan is advising companies, business owners, and fund partners, as they navigate the complex blockchain and crypto currency spaces to optimize their tax positions and stay compliant.
Adnan is a licensed attorney admitted to practice law in New Jersey, DC, and California and a Certified Public Accountant (NY & CA). He holds a Juris Doctor (J.D.) and an M.B.A. from Rutgers University; and an LL.M. in Taxation from the New York University School of Law.