BALANCE SHEETS AND

INDEPENDENT AUDITORS' REPORT

BCTC IV ASSIGNOR CORP.

DECEMBER 31, 2006 and 2005

BCTC IV Assignor Corp.

TABLE OF CONTENTS





PAGE



REPORT OF INDEPENDENT REGISTERED PUBLIC

ACCOUNTING FIRM	* 3



FINANCIAL STATEMENT



BALANCE SHEETS	* 4



NOTES TO BALANCE SHEETS	* 5

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Stockholder

BCTC IV Assignor Corp.

We have audited the accompanying balance sheets of BCTC IV Assignor Corp. as of December 31, 2006 and 2005. These balance sheets are the responsibility of the Corporation's management. Our responsibility is to express an opinion on these balance sheets based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the balance sheets are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the balance sheets. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall balance sheet presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the balance sheets referred to above presents fairly, in all material respects, the financial position of BCTC IV Assignor Corp. as of December 31, 2006 and 2005, in conformity with accounting principles generally accepted in the United States of America.



/s/ Reznick Group, P.C.

Bethesda, Maryland

March 20, 2007

































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BCTC IV Assignor Corp.



BALANCE SHEETS

December 31,







|ASSETS                                                                                
|--------------------------------------------------------------------------------------
|                                                                                      
|                                                                                      
|Investment in limited partnership (note B)                                            
|                                                                                      
|LIABILITY AND STOCKHOLDERS' EQUITY                                                    
|                                                                                      
|Subscription payable                                                                  
|                                                                                      
|Stockholders' equity                                                                  
|Common stock - 1,000 shares authorized, issued and outstanding, $1 par value per share
|                                                                                      
|Less: subscription receivable                                                         
|                                                                                      
|                                                                                      





























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BCTC IV Assignor Corp.

NOTES TO BALANCE SHEETS

December 31, 2006 and 2005











NOTE A - ORGANIZATION

BCTC IV Assignor Corp. (the "Corporation") was organized on October 12, 1993 under the laws of the State of Delaware to act as the assignor limited partner of, and to acquire and hold a limited partnership interest in, Boston Capital Tax Credit Fund IV L.P. (the "Limited Partnership"). The Corporation will assign units of beneficial interest in its limited partnership interest to persons who purchase Beneficial Assignee Certificates (BACs), on the basis of one unit of beneficial interest for each BAC. The Corporation will not have any interest in profits, losses or distributions on its own behalf.

NOTE B - INVESTMENT IN LIMITED PARTNERSHIP

On October 12, 1993, the Corporation was admitted as the assignor limited partner in Boston Capital Tax Credit Fund IV L.P. The Limited Partnership was formed to invest in real estate by acquiring, holding, and disposing of limited partnership interests in operating partnerships which will acquire, develop, rehabilitate, operate and own newly-constructed, existing or rehabilitated low-income apartment complexes. The Corporation has recorded its $100 investment at cost.





















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