Should I Close My Unreported Foreign Accounts? In recent years, the Internal Revenue Service has made enforcement of foreign account, asset, investment, and income reporting a key compliance priority. In a now all too familiar scenario, a US Person (Citizen or Resident) will come to learn that they did not report their foreign assets or […] The post Should I Close my Unreported Foreign Accounts (No, Here’s Why) appeared first on International Tax Lawyers - IRS Offshore Voluntary Disclosure.