On February 7, 2013, the U.S. Court of Appeals for the Eleventh Circuit joined “the three of our sister circuits that have considered the same issue here about foreign financial account records and conclude that the subpoenaed records fall within the Required Records Exception.” In other words, taxpayers in the Fifth, Seventh, Ninth, and Eleventh Circuits have no recourse to the Fifth Amendment privilege against self-incrimination to resist producing records of their undeclared offshore bank accounts to the government. The full citation is IN RE: Grand Jury Proceedings, No. 4-10 (11th Cir. February 7, 2013). Every circuit that has considered the Required Records Exception in the context of offshore bank accounts has now ruled in the government’s favor.