The presence of close (≲ 0.1 AU) stellar companions must greatly alter the circumstellar environment of classical T Tauri stars, including severe truncation if not elimination of circumstellar disks. It is thus remarkable how little impact the presence of a close companion has on our observable diagnostics for accretion and outflow. Emission line shapes, degrees of continuum veiling, and spectral energy distributions are all indistinguishable between single classical T Tauri stars and classical T Tauri close binaries. Some of the most classical T Tauri stars that laid the foundation for our single-star accretion-disk paradigm have turned out to have close companions. Periodicities in spectral signatures are suggestive of the presence of accretion flows from circumbinary disks to the circumstellar regions; the subsequent flow of material through the circumstellar region to the stellar surface in the presence of a stellar magnetosphere is unstudied. Observations of stellar rotation distributions in close binaries suggest that inner disk regions may act to regulate stellar angular momentum.