--- title: Top Tax Issues for 2016 description: Top Tax Issues for 2016 --- [![acg-logo-header.png](https://blog.acgworldwide.com/hs-fs/hubfs/acg-logo-header.png?width=123&name=acg-logo-header.png "acg-logo-header.png")](http://www.acgworldwide.com/) - [Who We Are](http://www.acgworldwide.com/about-acg/) - [Selected Staff Bios](http://www.acgworldwide.com/selected-staff-bios/) - [Culture and Philosophy](http://www.acgworldwide.com/culture-and-philosophy/) - [Advisory Board Members](http://www.acgworldwide.com/advisory-board-members/) - [What We Do](http://www.acgworldwide.com/our-services/) - [Wealth Management](http://www.acgworldwide.com/wealth-management/) - [Investment Advisory](http://www.acgworldwide.com/investment-advisory-services/) - [Third Party Administration](http://www.acgworldwide.com/third-party-administration/) - [Retirement Plan Consulting](http://www.acgworldwide.com/401k/) - [Financial Planning Services](http://www.acgworldwide.com/financial-planning-services/) - [Tax Strategies](http://www.acgworldwide.com/tax-strategies/) - [Who We Help](http://www.acgworldwide.com/our-clients/) - [Businesses](http://www.acgworldwide.com/businesses/) - [Entrepreneurs](http://www.acgworldwide.com/entrepreneurs/) - [Individuals and Families](http://www.acgworldwide.com/successful-individuals-and-families/) - [Foundations and Endowments](http://www.acgworldwide.com/foundations-and-endowments/) - [Press & Resources](http://www.acgworldwide.com/acg-live/) - [Blog](http://www.acgworldwide.com/blog/) - [Company News](http://www.acgworldwide.com/company-news/) - [CBS 6 News Market Briefs](http://www.acgworldwide.com/company-news/bill-fitzgerald-of-cbs-6-news-interviews-with-sandy-wiggins/) - [Monthly Investor Insights](https://blog.acgworldwide.com/topic/monthly-insights) - [Quarterly Commentary](http://www.acgworldwide.com/commentary/) - [Cost of Living Adjustments](http://www.acgworldwide.com/colas-and-limits/) - [Important Disclosures](http://www.acgworldwide.com/acg-live/website-disclosure/) - [Contact Us](http://www.acgworldwide.com/contact-us/) [![Richmond Virginia](https://blog.acgworldwide.com/hs-fs/hubfs/ACG_June2016/images/ACGLogo_KOHi.png?width=280&height=112&name=ACGLogo_KOHi.png "Richmond Virginia")](http://www.acgworldwide.com/) ![banner2.jpg](https://blog.acgworldwide.com/hs-fs/hubfs/ACG_June2016/images/banners/banner2.jpg?width=810&name=banner2.jpg "banner2.jpg") # ACG Blog # Top Tax Issues for 2016 By [J. Saunders Wiggins, CFP®, AIF®](http://www.acgworldwide.com/selected-staff-bios/sandy-wiggins/) - [Tweet](https://twitter.com/share) ![J. Saunders Wiggins, CFP®, AIF®](https://blog.acgworldwide.com/hubfs/Sandy-Wiggins-square.jpg) J. Saunders Wiggins, CFP®, AIF® CEO/President As the September 15 tax extension deadline looms, many business owners will start planning for 2016 and the many challenges that exist in running a business.  Among the biggest headaches continues to be the Affordable Care Act (ACA) – no wonder that it landed as the number one issue on Accounting Today’s [list](http://www.accountingtoday.com/gallery/photos/top-tax-issues-for-2016-75610-1.html?start=1).  Many businesses and individuals still aren’t sure how to comply and how the various provisions affect them. Number five on the list is becoming a bigger issue – identity theft.  In today’s digital world, it’s almost impossible to safeguard one’s information.  As it relates to taxes and the IRS, we are not immune.  The IRS was [breached](http://www.irs.gov/uac/Newsroom/IRS-Statement-on-the-Get-Transcript-Application) earlier in the year, and over 100,000 accounts were hacked. Another issue that has been very common the past few years is the inability of Congress to extend the Section 179 deduction, R&D credit, and various other tax credits in a timely fashion so companies can plan. However, the Treasury Department has proposed prospective [regulation](http://www.accountingtoday.com/news/tax-practice/rd-tax-credits-internal-use-software-75729-1.html?utm_medium=email&ET=webcpa:e5115577:4554092a:&utm_source=newsletter&utm_campaign=daily-sep%2010%202015&st=email)with regards to the definition of internal use software for the R&D tax credit.   — Posted on September 10, 2015 by [J. Saunders Wiggins, CFP®, AIF®](https://blog.acgworldwide.com/author/j-saunders-wiggins-cfp-aif) [J. Saunders Wiggins, CFP®, AIF®](https://blog.acgworldwide.com/author/j-saunders-wiggins-cfp-aif) — Topics: [Tax Strategy](https://blog.acgworldwide.com/topic/tax-strategy) ### Subscribe to Email Updates ### Posts by Topic - [401(k) (105)](https://blog.acgworldwide.com/topic/401k) - [Retirement (105)](https://blog.acgworldwide.com/topic/retirement) - [Monthly Insights (80)](https://blog.acgworldwide.com/topic/monthly-insights) - [Financial Planning (62)](https://blog.acgworldwide.com/topic/financial-planning) - [Investments (50)](https://blog.acgworldwide.com/topic/investments) - [Wealth Management (37)](https://blog.acgworldwide.com/topic/wealth-management) - [Market Performance (28)](https://blog.acgworldwide.com/topic/market-performance) - [defined contribution (21)](https://blog.acgworldwide.com/topic/defined-contribution) - [Tax Strategy (16)](https://blog.acgworldwide.com/topic/tax-strategy) - [defined benefit (16)](https://blog.acgworldwide.com/topic/defined-benefit) - [retirement plan (10)](https://blog.acgworldwide.com/topic/retirement-plan) - [Compilation (9)](https://blog.acgworldwide.com/topic/compilation) - [covid-19 (6)](https://blog.acgworldwide.com/topic/covid-19) - [qualified plan (6)](https://blog.acgworldwide.com/topic/qualified-plan) - [Asset Allocation (5)](https://blog.acgworldwide.com/topic/asset-allocation) - [distribution planning (5)](https://blog.acgworldwide.com/topic/distribution-planning) - [irs (5)](https://blog.acgworldwide.com/topic/irs) - [Third Party Administration (4)](https://blog.acgworldwide.com/topic/third-party-administration) - [participant loan (4)](https://blog.acgworldwide.com/topic/participant-loan) - [pbgc (4)](https://blog.acgworldwide.com/topic/pbgc) - [secure act (4)](https://blog.acgworldwide.com/topic/secure-act) - [TPA (3)](https://blog.acgworldwide.com/topic/tpa) - [defined benefit funding (3)](https://blog.acgworldwide.com/topic/defined-benefit-funding) - [fiduciary obligation (3)](https://blog.acgworldwide.com/topic/fiduciary-obligation) - [options (3)](https://blog.acgworldwide.com/topic/options) - [social security (3)](https://blog.acgworldwide.com/topic/social-security) - [IRA (2)](https://blog.acgworldwide.com/topic/ira) - [Roth (2)](https://blog.acgworldwide.com/topic/roth) - [SEP (2)](https://blog.acgworldwide.com/topic/sep) - [SIMPLE (2)](https://blog.acgworldwide.com/topic/simple) - [combo plan (2)](https://blog.acgworldwide.com/topic/combo-plan) - [coronavirus (2)](https://blog.acgworldwide.com/topic/coronavirus) - [cross-tested (2)](https://blog.acgworldwide.com/topic/cross-tested) - [70 1/2 (1)](https://blog.acgworldwide.com/topic/70-1-2) - [ADP test (1)](https://blog.acgworldwide.com/topic/adp-test) - [Case Study (1)](https://blog.acgworldwide.com/topic/case-study) - [Donor Advised Fund (1)](https://blog.acgworldwide.com/topic/donor-advised-fund) - [RMD (1)](https://blog.acgworldwide.com/topic/rmd) - [SECURE 2.0 (1)](https://blog.acgworldwide.com/topic/secure-2-0) - [alternative defined contribution plan (1)](https://blog.acgworldwide.com/topic/alternative-defined-contribution-plan) - [beneficiary (1)](https://blog.acgworldwide.com/topic/beneficiary) - [cash balance (1)](https://blog.acgworldwide.com/topic/cash-balance) - [catch-up contribution (1)](https://blog.acgworldwide.com/topic/catch-up-contribution) - [collars (1)](https://blog.acgworldwide.com/topic/collars) - [contribution (1)](https://blog.acgworldwide.com/topic/contribution) - [death (1)](https://blog.acgworldwide.com/topic/death) - [deductions (1)](https://blog.acgworldwide.com/topic/deductions) - [epcrs (1)](https://blog.acgworldwide.com/topic/epcrs) - [form 5500 (1)](https://blog.acgworldwide.com/topic/form-5500) - [funding deadline (1)](https://blog.acgworldwide.com/topic/funding-deadline) - [hardship (1)](https://blog.acgworldwide.com/topic/hardship) - [integrated (1)](https://blog.acgworldwide.com/topic/integrated) - [interval funds (1)](https://blog.acgworldwide.com/topic/interval-funds) - [late deposits (1)](https://blog.acgworldwide.com/topic/late-deposits) - [mega backdoor roth ira (1)](https://blog.acgworldwide.com/topic/mega-backdoor-roth-ira) - [mistake of fact (1)](https://blog.acgworldwide.com/topic/mistake-of-fact) - [nonspouse (1)](https://blog.acgworldwide.com/topic/nonspouse) - [pension (1)](https://blog.acgworldwide.com/topic/pension) - [plan termination (1)](https://blog.acgworldwide.com/topic/plan-termination) - [put writing (1)](https://blog.acgworldwide.com/topic/put-writing) - [required minimum distribution (1)](https://blog.acgworldwide.com/topic/required-minimum-distribution) - [roth ira (1)](https://blog.acgworldwide.com/topic/roth-ira) - [successor plan (1)](https://blog.acgworldwide.com/topic/successor-plan) - [vcp (1)](https://blog.acgworldwide.com/topic/vcp) see all #### Phone: 800-231-6409 or 804-323-1886 | Fax: 804-323-1889 ©2026 ACG Worldwide. 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