Short answer: 1994 is MCMXCIV — 1000 + 900 + 90 + 4. 4 is IV, not IIII, and 2016 is MMXVI, the year in Roman numerals.
Additive and subtractive
Symbols are added left to right, except where a smaller symbol precedes a larger one, when it is subtracted: IV is 4, XL is 40, CM is 900. Only six subtractive pairs are legal, which is what makes validation possible rather than guesswork.
Worked example
2024 = MMXXIV: MM (2000) + XX (20) + IV (4). A film dated MCMLXXVII is 1977, and a clock with IIII at four o'clock is the one place the standard form is routinely ignored.