About Teresa Cherry
Over her diverse career spanning public accounting, investment banking, trust management, and entrepreneurship, Teresa developed a talent for creating personal wealth strategies that rightsized tax liabilities, protected assets, and provided tax-free cash flow when possible. But she also recognized how tax issues could derail even the best-laid plans, leading to embarrassment and reputational harm.
This inspired Teresa to specialize in tax resolution, an area requiring utmost discretion and sensitivity. At Cherry & Associates, she helps clients discreetly resolve back taxes, audits, unfiled returns, payroll issues, and more through her comprehensive tax expertise. Just as importantly, she takes the time to truly understand each client's situation and explore all solutions for curing their financial angst.
Teresa's extensive credentials showcase her commitment to being a trusted resource:
- B.B.A. in Accounting & Finance from Loyola University Chicago
- Certified Public Accountant (CPA)
- Certified Financial Planner (CFP)
- Certified Mergers & Acquisitions Advisor (CM&AA)
- Contributing author to financial books and frequent speaker
Whether you're facing tough tax problems or want to get your financial house in order, Teresa Cherry has the expertise to resolve your issues and the compassion to cure your money woes. Her mission is to help you achieve lasting financial confidence and self-sufficiency.
This inspired Teresa to specialize in tax resolution, an area requiring utmost discretion and sensitivity. At Cherry & Associates, she helps clients discreetly resolve back taxes, audits, unfiled returns, payroll issues, and more through her comprehensive tax expertise. Just as importantly, she takes the time to truly understand each client's situation and explore all solutions for curing their financial angst.
Teresa's extensive credentials showcase her commitment to being a trusted resource:
- B.B.A. in Accounting & Finance from Loyola University Chicago
- Certified Public Accountant (CPA)
- Certified Financial Planner (CFP)
- Certified Mergers & Acquisitions Advisor (CM&AA)
- Contributing author to financial books and frequent speaker
Whether you're facing tough tax problems or want to get your financial house in order, Teresa Cherry has the expertise to resolve your issues and the compassion to cure your money woes. Her mission is to help you achieve lasting financial confidence and self-sufficiency.
Tax Agencies Serviced
Federal Tax Agencies
- Internal Revenue Service
State Tax Agencies
- Illinois Department of Revenue
Reviews
Problem Experience
- Unpaid Taxes
- Past Due Tax Return
- Wage Garnishment
- Unfiled Returns - No Balance
- Tax Lien
- Tax Penalties
- Bank Levy
- Tax Audit or Examination
- Notice of Determination
- Trust Fund Recovery Penalty
- Notice of Deficiency
- Other Levies
- Cryptocurrency Issue
- Spousal Tax Issue
- Tax-Related Identity Theft
- Tax Return Mistake
- Unpaid Taxes
- Unfiled Tax Returns
- Wage Garnishment
- Responsible Person Penalty
- Tax Lien
- Bank Levy
- Tax Penalties
- Treasury Offset
- Tax-Related Identity Theft
- Tax Audit or Examination
- Cryptocurrency Issue
Solution Experience
- Payment Plans
- Individual Tax Preparation
- Offer In Compromise
- Currently Not Collectible
- Partial Payment Installment Agreement
- Levy Release or Reduction
- Penalty Abatement
- Amend Tax Returns
- Innocent Spouse Relief
- Injured Spouse Relief
- Lien Withdrawal
- CAP Hearing
- CDP Hearing
- Business Tax Preparation
- Trust Tax Preparation
- Gift and GSTT Tax Preparation
- Estate Tax Preparation
- Lien Discharge
- Audit Reconsideration
- Lien Subordination
- Audit Representation
- Estate (Fiduciary) Tax Preparation
- CSED Analysis
- IRS Transcript Analysis
- Installment Payment Plan
- Levy Release or Reduction
- Individual Tax Preparation
- Penalty Abatement
- Lien Release
- Offer In Compromise
- Business Tax Preparation
- Audit Defense & Support
- Amend Tax Returns
- Innocent Spouse Relief
- Tax Amnesty
- Tax Appeals
- Tax-Related Identity Relief
Tax Types Serviced
Income Tax
Estate Tax (Form 706)
Estate & Trust Income Tax (Form 1041)
Taxpayer Types Serviced
Individuals
Sole Proprietor
Estates
Limited Liability Companies
S-Corporations
C-Corporations
Partnerships/Multi-Member LLC
Professional License & Designations
Professional Licenses
State/Federal
CPA
Illinois
1/1/1998
Active
Related Work Experience
| Job Title | Company | Location | Work Duration |
|---|---|---|---|
| CPA & Owner | Cherry & Associates | Chicago, Illinois | Jan 1985 - Present |
| Head of Statutory Reporting | Chicago Title & Trust | Chicago, Illinois | Feb 1982 - Feb 1985 |
| CPA Tax Department | KPMG | Chicago, Illinois | Aug 1969 - May 1972 |
Education
| Educational Institution | Degree | Graduation Year |
|---|---|---|
| Loyola University Chicago | Bachelor's Degree | 2026 |
Associations & Memberships
| Associations or Memberships | Position | Duration |
|---|---|---|
| American Society of Tax Problem Solvers (ASTPS) | Member | 2022 - Present |
| Tax Rep Network | Member | 2022 - Present |
| Alliance of Merger & Acquisition Advisors (AMAA) | Member | 2000 - Present |
Contact Information
Address
Fox River Grove, Illinois 60021
In Office Visits
No
Website
Pricing & Payments
Free Consultation
Free Quote
Virtual Consultation
Flat Fee Pricing
Contact Me for Details
Publications
| Publication Type | Publication Name | Title | Link |
|---|---|---|---|
| Book | Esperti Peterson Institute | Ways & Means | N/A |
Videos & Photos
Other Professionals to Consider
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