How to Submit A Question to the AMT Advisor. AMT Preferences. In General. In calculating alternative minimum taxable income (AMTI), in addition to adding back or subtracting AMT adjustment items (Code Sec. 56), under Code Sec. 57, taxpayers must add back certain AMT preference items. The AMT preference items are: Depletion; Excess Intangible drilling costs; Interest on private activity bonds
The Dawes Act was designed as an attempt to assimilate American Indians into the culture at large. At the same time it gave the government power over Indian tribal lands, dividing them individually...
Quick Answer. The Dawes Act gave the president the power to divide American Indian tribal land into allotments for individual Native Americans. The Dawes Act was passed in 1887 and is also referred to as the Dawes Severalty Act of 1887 and the General Allotment Act. Continue Reading