United States

2016 year-end tax considerations for businesses

Legislative changes and other tax concerns that may impact planning


Download the guide

Tax planning was a little more settled in 2016 than it has been for the past several years. As a result of the passage of significant tax legislation at the end of 2015 dealing with the so-called tax extenders, businesses do not find themselves guessing what the rules might be for such key provisions of tax law as the research and development (R&D) tax credit and depreciation. At the same time, during this past year states and local governments continued to change tax rules around the country while international tax rules continued their never-ceasing march toward greater complexity.

As we head toward the end of 2016, speculation over tax extenders has been replaced by speculation over fundamental tax reform. The presidential campaign produced a wide range of tax legislative proposals. In addition, the House Republicans released a significant series of tax proposals in June. All this makes the future of the tax law cloudier than most would like, and projecting what Congress and the new administration might agree to do in 2017 is anyone’s guess. 

Given these changes and the uncertainty of the future, we’ve compiled these tax considerations designed to help companies make informed decisions related to year-end tax planning. In an increasingly complex and uncertain world, planning becomes all the more important.

Our 2016 year-end guide includes information on the following (and more):

  • Deduction and revenue planning
  • New accounting method procedures
  • Affordable Care Act updates
  • Permanent and expiring tax provisions
  • New filing deadlines
  • Corporate and transactional planning
  • Cost-sharing agreements
  • Intercompany loan planning
  • BEPS and country-by-country update
  • New partnership audit rules
  • Shared services consolidation
  • Credits and incentives compliance

Download the 2016 year-end tax considerations for businesses guide today. 

You may also be interested in our 2016 year-end state tax matters guide, which highlights critical legislative updates at the state level. 

The 2016 year-end review is a collaboration of our Washington National Tax team and was curated by Trina Pinneau.  
Trina Pinneau


Trina consults on a range of federal tax credits and incentives issues and serves as an instructor for RSM’s tax training programs. Reach her at trina.pinneau@rsmus.com.

Areas of focus: Federal Credits & IncentivesWashington National Tax

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