Teresa Cherry

Teresa Cherry

Languages Spoken: English
Fox River Grove, Illinois
CPA at Cherry & Associates

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.

Tax Agencies Serviced

Federal Tax Agencies

  • Internal Revenue Service

State Tax Agencies

  • Illinois Department of Revenue

Reviews

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Customer Rating

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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

Compliant Icon

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

Pricing & Payments

Free Consultation Free Quote Virtual Consultation Flat Fee Pricing Contact Me for Details
Amex Method Amex
Visa Method Visa
Mastercard Method Mastercard
Paypal Method Paypal
Check Method Check
Cash Method Cash
Zelle Method Zelle

Publications

Publication Type Publication Name Title Link
Book Esperti Peterson Institute Ways & Means N/A

Videos & Photos

Teresa Cherry photo 1 Photo
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