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. Despite intending to expand property ownership for Native Americans, the Dawes Act of 1887 failed to establish positive changes, and met resistance from Native Americans. Drafted by Senator Henry Dawes, the Dawes Act went into effect on February 8, 1887. The Dawes Act followed a long series of federal Indian policies, and proposed to alleviate poverty among Native Americans by breaking up reservations and allocating properties among families.