Tax opinion insurance

{
  "id": "MLC-T-INS-003285",
  "term": "Tax opinion insurance",
  "field": "Insurance and risk management",
  "definition": "A specialized insurance policy that protects taxpayers against financial losses arising from an adverse tax ruling, despite having relied on a written tax opinion from a qualified advisor. This coverage provides indemnification for additional taxes, penalties, and interest imposed by tax authorities. It is often used in complex transactions or when there is uncertainty regarding the tax treatment of a particular matter.",
  "url": "https://mlchart.com/terminology/insurance/tax-opinion-insurance/"
}