UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)


   X      QUARTERLY REPORT  PURSUANT  TO  SECTION 13  OR 15(d)OF  THE SECURITIES
--------
          EXCHANGE ACT OF 1934


For the quarterly period ended September 30, 2002

                                       OR

--------  TRANSITION  REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES
          EXCHANGE ACT OF 1934


                         Commission File Number 33-89968


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                      ------------------------------------
             (Exact name of registrant as specified in its charter)


           Delaware                                     13-3809869
--------------------------------                     -----------------
(State or other jurisdiction of                      (I.R.S. Employer
incorporation or organization)                       Identification No.)


625 Madison Avenue, New York, New York                     10022
--------------------------------------               ------------------
(Address of principal executive offices)                 (Zip Code)


Registrant's telephone number, including area code (212)421-5333


     Indicate  by check mark  whether the  registrant  (1) has filed all reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
                                             ---  ---


<PAGE>


                         PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                      Consolidated Condensed Balance Sheets
<TABLE>
<CAPTION>

                                                  ==============  ==============
                                                   September 30,     March 31,
                                                       2002            2002
                                                  --------------  --------------
                                                   (Unaudited)
<S>                                                  <C>           <C>
ASSETS

Property and equipment at cost,
  net of accumulated depreciation
  of $10,686,705 and $9,458,063,
  respectively                                       $70,698,599   $71,923,788
Cash and cash equivalents                              2,164,804     2,461,056
Cash held in escrow                                    3,422,283     3,087,693
Deferred costs, net of accumulated
  amortization of $353,193 and
  $311,350, respectively                                 825,923       867,766
Other assets                                             597,010       425,486
                                                     -----------   -----------
Total assets                                         $77,708,619   $78,765,789
                                                     ===========   ===========
</TABLE>

                                       2
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                      Consolidated Condensed Balance Sheets
                                   (continued)
<TABLE>
<CAPTION>

                                                  ==============  ==============
                                                   September 30,     March 31,
                                                       2002            2002
                                                  --------------  --------------
                                                   (Unaudited)
<S>                                                  <C>           <C>
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Liabilities:
Mortgage notes payable                               $36,632,555   $36,739,830
  Accounts payable and other
liabilities                                            7,158,936     6,663,234
  Due to local general partners and
affiliates                                             2,621,037     2,777,814
Due to general partner and affiliates                  1,589,581     1,346,115
                                                     -----------   -----------
Total liabilities                                     48,002,109    47,526,993
                                                     -----------   -----------

Minority interest                                      2,228,213     2,244,151
                                                     -----------   -----------

Partners' capital (deficit):
  Limited partners (45,844 BACs
 issued and outstanding)                              27,611,047    29,112,232
General partner                                         (132,750)     (117,587)
                                                     -----------   -----------
Total partners' capital (deficit)                     27,478,297    28,994,645
                                                     -----------   -----------
Total liabilities and partners'
capital (deficit)                                    $77,708,619   $78,765,789
                                                     ===========   ===========
</TABLE>

The  accompanying  notes are an integral  part of these  consolidated  condensed
financial statements.

                                       3
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                 Consolidated Condensed Statements of Operations
                                   (Unaudited)

<TABLE>
<CAPTION>

                            =======================   =========================
                               Three Months Ended          Six Months Ended
                                  September 30,              September 30,
                            -----------------------   -------------------------
                                  2002        2001         2002         2001
                            -----------------------   -------------------------
<S>                         <C>          <C>          <C>           <C>
Revenues
Rental income               $1,381,467   $1,363,274   $ 2,767,131   $ 2,723,997
Other income
  (principally
  interest)                     66,236       64,391       118,161       163,741
                            ----------   ----------   -----------   -----------
Total revenues               1,447,703    1,427,665     2,885,292     2,887,738
                            ----------   ----------   -----------   -----------

Expenses
General and
  administrative               375,467      403,631       771,744       822,880
General and
  administrative-
  related parties              145,348      140,418       292,825       292,742
Repairs and
  maintenance                  252,908      232,717       472,315       455,778
Operating                      159,643      160,890       329,214       391,214
Taxes                           38,987       38,499        83,939        82,337
Insurance                       52,263       49,163       114,763       116,184
Interest                       521,318      692,046     1,082,293     1,310,839
Depreciation and
  amortization                 663,967      627,038     1,270,485     1,251,433
                            ----------   ----------   -----------   -----------
Total expenses               2,209,901    2,344,402     4,417,578     4,723,407
                            ----------   ----------   -----------   -----------

Loss before
  minority
interest                      (762,198)    (916,737)   (1,532,286)   (1,835,669)
Minority interest in
  loss of subsidiary
  partnerships                   7,722        5,759        15,938        13,325
                            ----------   ----------   -----------   -----------
Net loss                    $ (754,476)  $ (910,978)  $(1,516,348)  $(1,822,344)
                            ==========   ==========   ===========   ===========

Net loss - limited
  partners                  $ (746,932)  $ (901,869)  $(1,501,185)  $(1,804,121)
                            ==========   ==========   ===========   ===========

Number of BACs
  outstanding                   45,844       45,844        45,844        45,844
                            ==========   ==========   ===========   ===========

Net loss per BAC            $   (16.29)  $   (19.67)  $    (32.75)  $    (39.35)
                            ==========   ==========   ===========   ===========

</TABLE>

The  accompanying  notes are an integral  part of these  consolidated  condensed
financial statements.


                                       4
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
            Consolidated Condensed Statement of Changes in Partners'
                                Capital (Deficit)
                   For the Six Months Ended September 30, 2002
                                   (Unaudited)

<TABLE>
<CAPTION>

                                   ============================================
                                                     Limited         General
                                      Total          Partners        Partner
                                   --------------------------------------------
<S>                                <C>             <C>             <C>
Partners' capital
  (deficit) - April 1,
  2002                             $ 28,994,645    $ 29,112,232    $   (117,587)

Net loss                             (1,516,348)     (1,501,185)        (15,163)
                                   ------------    ------------    ------------
Partners' capital
  (deficit) -
September 30, 2002                 $ 27,478,297    $ 27,611,047    $   (132,750)
                                   ============    ============    ============

</TABLE>

The accompanying notes are an integral part of these consolidated condensed
financial statements.


                                       5
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                 Consolidated Condensed Statements of Cash Flows
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                    ===========================
                                                         Six Months Ended
                                                             September
                                                    ---------------------------
                                                       2002             2001
                                                    ---------------------------
<S>                                                 <C>             <C>
Cash flows from operating activities:
Net loss                                            $(1,516,348)    $(1,822,344)
                                                    -----------     -----------
Adjustments to reconcile net loss
  to net cash used in operating
  activities:
Depreciation and amortization                         1,270,485       1,251,433
Minority interest in loss of
  subsidiary partnerships                               (15,938)        (13,325)
Increase in cash held in escrow                        (334,590)       (302,057)
Increase in other assets                               (171,524)       (145,606)
Increase in accounts payable
  and other liabilities                                 495,702         705,196
Increase in due to local general
  partners and affiliates                                17,833             576
Decrease in due to local general
  partners and affiliates                               (15,082)        (61,444)
Increase (decrease) in due to general
  partner and affiliates                                243,466         (40,748)
                                                    -----------     -----------
  Total adjustments                                   1,490,352       1,394,025
                                                    -----------     -----------

Net cash used in operating activities                   (25,996)       (428,319)
                                                    -----------     -----------
</TABLE>

                                       6
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                 Consolidated Condensed Statements of Cash Flows
                                   (Unaudited)
                                   (continued)

 <TABLE>
<CAPTION>
                                                    ===========================
                                                         Six Months Ended
                                                             September
                                                    ---------------------------
                                                       2002             2001
                                                    ---------------------------
<S>                                                 <C>             <C>

Cash flows from investing activities:
Increase in property and equipment                       (3,453)         (7,736)
Increase in due to local general
  partners and affiliates                               120,797          41,319
Decrease in due to local general
  partners and affiliates                              (280,325)        (76,767)
                                                    -----------     -----------
Net cash used in investing activities                  (162,981)        (43,184)
                                                    -----------     -----------

Cash flows from financing activities:
Principal reduction of mortgage notes                  (107,275)        (62,436)
Increase in deferred costs                                    0         (60,013)
Decrease in capitalization of
  consolidated subsidiaries
  attributable to minority interest                           0          (1,714)
                                                    -----------     -----------
Net cash used in financing
  activities                                           (107,275)       (124,163)
                                                    -----------     -----------

Net decrease in cash and cash
  equivalents                                          (296,252)       (595,666)
Cash and cash equivalents at
  beginning of period                                 2,461,056       3,705,003
                                                    -----------     -----------
Cash and cash equivalents at
  end of period                                     $ 2,164,804     $ 3,109,337
                                                    ===========     ===========
</TABLE>


The accompanying notes are an integral part of these consolidated condensed
financial statements.

                                       7
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                               September 30, 2002
                                   (Unaudited)


Note 1 - General

The consolidated  financial  statements include the accounts of Independence Tax
Credit Plus L.P. IV (the "Partnership") and fourteen other limited  partnerships
("subsidiary  partnerships",  "subsidiaries"  or  "Local  Partnerships")  owning
affordable  apartment complexes that are eligible for the low-income housing tax
credit,  some of which apartment complexes may also be eligible for the historic
rehabilitation  tax credit.  The general  partner of the  Partnership is Related
Independence   L.L.C.,  a  Delaware  limited  liability  company  (the  "General
Partner").  Through the rights of the  Partnership  and/or an  affiliate  of the
General Partner,  which affiliate has a contractual  obligation to act on behalf
of the Partnership to remove the general partner of the subsidiary  partnerships
and to approve certain major operating and financial decisions,  the Partnership
has a controlling financial interest in the subsidiary partnerships.

For  financial  reporting  purposes,   the  Partnership's  fiscal  quarter  ends
September 30. All subsidiaries  have fiscal quarters ending June 30. Accounts of
the subsidiaries  have been adjusted for intercompany  transactions  from July 1
through  September 30. The  Partnership's  fiscal  quarter ends  September 30 in
order to allow adequate time for the  subsidiaries'  financial  statements to be
prepared and consolidated.

All intercompany accounts and transactions with the subsidiary partnerships have
been eliminated in consolidation.

Losses  attributable to minority interests which exceed the minority  interests'
investment  in a subsidiary  have been charged to the  Partnership.  Such losses
aggregated  approximately $2,000 and $2,000, $4,000 and $5,000 for the three and
six months ended September 30, 2002 and 2001,  respectively.  The  Partnership's
investment in each subsidiary is equal to the respective  subsidiary's partners'
equity less minority interest capital, if any. In consolidation,  all subsidiary
partnership losses are included in the Partnership's  capital account except for
losses allocated to minority interest capital.

                                       8
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                               September 30, 2002
                                   (Unaudited)


Certain  information  and  note  disclosures   normally  included  in  financial
statements prepared in accordance with generally accepted accounting  principles
have been omitted or condensed.  These condensed financial  statements should be
read in conjunction with the financial  statements and notes thereto included in
the Partnership's Annual Report on Form 10-K for the year ended March 31, 2002.

The books and records of the  Partnership are maintained on the accrual basis of
accounting in accordance with generally accepted accounting  principles.  In the
opinion of the General Partner of the Partnership,  the  accompanying  unaudited
financial  statements  contain  all  adjustments   (consisting  only  of  normal
recurring adjustments) necessary to present fairly the financial position of the
Partnership  as of September 30, 2002,  its results of operations  for the three
and six months ended  September 30, 2002 and 2001 and its cash flows for the six
months ended September 30, 2002 and 2001. However, the operating results for the
six months ended September 30, 2002 may not be indicative of the results for the
entire year.

                                       9
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                               September 30, 2002
                                   (Unaudited)


Note 2 - Related Party Transactions

An affiliate  of the General  Partner has a .01%  interest as a special  limited
partner in each of the Local Partnerships.

The costs  incurred  to  related  parties  for the three  and six  months  ended
September 30, 2002 and 2001 were as follows:
<TABLE>
<CAPTION>

                                     Three Months Ended       Six Months Ended
                                        September 30,           September 30,
                                    --------------------    --------------------
                                      2002        2001        2002        2001
                                    --------------------    --------------------
<S>                                 <C>         <C>         <C>         <C>
Partnership manage-
  ment fees (a)                     $ 84,280    $ 83,742    $168,560    $167,484
Expense reimburse-
  ment (b)                            29,163      26,439      56,924      61,314
Local administrative
  fee (c)                             12,000      11,000      24,000      22,000
                                    --------    --------    --------    --------
Total general and
  administrative-
  General Partner                    125,443     121,181     249,484     250,798
                                    --------    --------    --------    --------
Property manage-
  ment fees incurred
  to affiliates of the
  subsidiary
  partnerships'
  general
  partners (d)                        19,905      19,237      43,341      41,944
                                    --------    --------    --------    --------
Total general and
  administrative-
  related parties                   $145,348    $140,418    $292,825    $292,742
                                    ========    ========    ========    ========
</TABLE>


(a) The General  Partner is entitled to receive a  partnership  management  fee,
after payment of all Partnership expenses,  which together with the annual local
administrative  fees  will not  exceed a maximum  of 0.5% per annum of  invested
assets (as defined in the Partnership Agreement),  for administering the affairs
of  the  Partnership.  Subject  to the  foregoing  limitation,  the  partnership
management fee will be determined by the General  Partner in its sole discretion
based  upon its  review of the  Partnership's  investments.  Unpaid  partnership
management  fees for any  year  will be  accrued  without  interest  and will be
payable from working capital  reserves or to the extent of available funds after

                                       10
<PAGE>


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                               September 30, 2002
                                   (Unaudited)


the  Partnership  has made  distributions  to the  limited  partners  of sale or
refinancing  proceeds equal to their original capital  contributions  plus a 10%
priority return thereon (to the extent not  theretofore  paid out of cash flow).
Partnership   management  fees  owed  to  the  General   Partner   amounting  to
approximately  $1,124,000  and $955,000  were accrued and unpaid as of September
30, 2002 and March 31, 2002, respectively.

(b) The Partnership reimburses the General Partner and its affiliates for actual
Partnership   operating  expenses  incurred  by  the  General  Partner  and  its
affiliates on the  Partnership's  behalf.  The amount of reimbursement  from the
Partnership is limited by the provisions of the Partnership  Agreement.  Another
affiliate of the General Partner  performs asset monitoring for the Partnership.
These   services   include  site  visits  and   evaluations  of  the  subsidiary
partnerships' performance.

(c)  Independence  SLP IV L.P.,  a special  limited  partner  of the  subsidiary
partnerships,  is entitled to receive a local administrative fee of up to $5,000
per year from each subsidiary partnership.

(d) Property  management  fees  incurred by the Local  Partnerships  amounted to
$78,510,  87,863,  $167,557  and  $171,835  for the three and six  months  ended
September  30, 2002 and 2001,  respectively.  Of these fees,  $19,905,  $19,237,
$43,341 and $41,944 were incurred to affiliates of the subsidiary  partnerships'
general partners.


                                       11
<PAGE>


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Liquidity and Capital Resources
-------------------------------

The Partnership's  primary sources of funds, in addition to operations,  include
(i) interest  earned on Gross  Proceeds  which are invested in tax-exempt  money
market instruments pending final payments to Local Partnerships and (ii) working
capital  reserves and interest  earned  thereon.  All these sources of funds are
available to meet obligations of the Partnership.

As of September 30, 2002, the Partnership has invested approximately $37,814,000
(including   approximately  $1,161,000  classified  as  a  loan  repayable  from
sale/refinancing  proceeds in accordance with the Contribution Agreement and not
including  acquisition  fees of  approximately  $1,771,000)  of net  proceeds in
fourteen Local Partnerships of which approximately $1,720,000 remains to be paid
to the  Local  Partnerships  (including  approximately  $741,000  being  held in
escrow) as certain  benchmarks,  such as occupancy level, must be attained prior
to the release of the funds.  During the six months  ended  September  30, 2002,
approximately  $109,000  was paid to the Local  Partnerships  (none of which was
released from escrow). The Partnership is not acquiring  additional  properties,
but the Partnership may be required to fund potential purchase price adjustments
based on tax credit adjustor clauses.

For the six months ended  September 30, 2002,  cash and cash  equivalents of the
Partnership  and  its  fourteen   consolidated  Local   Partnerships   decreased
approximately  $296,000.  This  decrease  was  due to cash  used  in  operations
($26,000),  an increase in property and equipment ($3,000),  principal reduction
of mortgage notes ($107,000) and a net decrease in due to local general partners
and  affiliates  relating to investing  activities  ($160,000).  Included in the
adjustments  to reconcile  the net loss to cash used in operating  activities is
depreciation and amortization of approximately $1,270,000.

The  Partnership  has established a working capital reserve from funds available
for  investment,  which  includes  amounts  which may be required for  potential
purchase price adjustments  based on tax credit adjustor  clauses.  At September
30, 2002, there is approximately  $395,000 in the working capital reserves.  The
General  Partner  believes  that  these  reserves,  plus any cash  distributions
received from the  operations of the Local  Partnerships,  will be sufficient to
fund  the  Partnership's  ongoing  operations  for the  foreseeable  future  not
including fees owed to the General Partner.  Cash  distributions  from the Local

                                       12
<PAGE>


Partnerships  will  be  relatively  immaterial.  During  the  six  months  ended
September  30, 2002,  there have been no cash  distributions  received  from the
Local Partnerships.

Management is not aware of any trends or events,  commitments or  uncertainties,
which  have not  otherwise  been  disclosed  that  will or are  likely to impact
liquidity in a material way.  Management  believes the only impact would be from
laws  that  have not yet been  adopted.  The  portfolio  is  diversified  by the
location of the  properties  around the United States so that if one area of the
country is experiencing  downturns in the economy,  the remaining  properties in
the  portfolio  may  be   experiencing   upswings.   However,   the   geographic
diversification  of the portfolio may not protect against a general  downturn in
the  national  economy.  The tax  credits  will be attached to the project for a
period of ten  years,  and will be  transferable  with the  property  during the
remainder of such ten-year period. If the General Partner determined that a sale
of a property is warranted,  the remaining tax credits would transfer to the new
owner, thereby adding value to the property on the market, which is not included
in the financial statement carrying amount.

Results of Operations
---------------------

The results of operations for the three and six months ended  September 30, 2002
and  2001  continued  to be in the  form of  rental  income  with  corresponding
expenses divided among operations, depreciation and mortgage interest.

Rental  income  increased  approximately  1% and 2% for the three and six months
ended  September  30,  2002 as compared  to the  corresponding  periods in 2001,
primarily due to rental rate increases.

Other income decreased  approximately $46,000 for the six months ended September
30, 2002 as  compared  to the  corresponding  period in 2001,  primarily  due to
smaller cash and cash equivalent  balances  earning  interest at the Partnership
level as well as a decrease in transfer fees at the Partnership level.

Total expenses, excluding operating and interest, remained fairly consistent,
with an increase (decrease) of approximately 2% and less than (1%) for the three
and six months ended September 30, 2002 as compared to the corresponding periods
in 2001.

Operating  expenses  decreased  approximately  $62,000 for the six months  ended
September 30, 2002 as compared to the  corresponding  period in 2001,  primarily
due to a decrease  in fuel costs and usage at three Local  Partnerships  in 2002
and an underaccural in 2000 at a fourth Local Partnership.

                                       13
<PAGE>


Interest expense decreased approximately $171,000 and $229,000 for the three and
six months  ended  September  2002 as compared to the  corresponding  periods in
2001, primarily due to overaccruals at two Local Partnerships in 2001

Item 3. Quantitative and Qualitative Disclosures about Market Risk

None

Item 4.  Controls and Procedures

The Chief Executive Officer and Chief Financial Officer of Related  Independence
L.L.C. which is the General Partner of Independence Tax Credit Plus L.P. IV (the
"Partnership"),   has  evaluated  the  Partnership's   disclosure  controls  and
procedures  relating to the Partnership's  quarterly report on Form 10-Q for the
period  ending  September  30, 2002 as filed with the  Securities  and  Exchange
Commission  and has judged such  controls and  procedures  to be effective as of
September 30, 2002 (the "Evaluation Date").

There have been no  significant  changes in the  internal  controls  or in other
factors  that could  significantly  affect  internal  controls  relating  to the
Partnership since the Evaluation Date.

                                       14
<PAGE>



                           PART II. OTHER INFORMATION

Item 1. Legal Proceedings - None

Item 2. Changes in Securities and Use of Proceeds - None

Item 3. Defaults Upon Senior Securities - None

Item 4. Submission of Matters to a Vote of Security Holders - None

Item 5. Other Information - None

Item 6. Exhibits and Reports on Form 8-K

        (a) Exhibits

          (4) Form of Amended and Restated  Agreement of Limited  Partnership of
the Partnership (attached to the Prospectus as Exhibit A)*

          (10A) Form of  Subscription  Agreement  (attached to the Prospectus as
Exhibit B)*

          (10B) Form of Escrow Agreement  between the Partnership and the Escro
Agent**

          (10C)  Form  of  Purchase  and  Sales  Agreement   pertaining  to  the
Partnership's acquisition of Local Partnership Interests**

          (10D) Form of Amended and Restated Agreement of Limited Partnership of
Local Partnerships**

          99.1  Certification  pursuant to 18 U.S.C.  Section  1350,  as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.


          * Incorporated herein by reference to the final Prospectus as filed
pursuant to Rule 424 under the Securities Act of 1933.

          ** Filed as an exhibit to the  Registration  Statement on Form S-11 of
the  Partnership  (File No.  33-89968)  and  incorporated  herein  by  reference
thereto.

        (b) Reports on Form 8-K - No reports on Form 8-K were  filed  during the
quarter.


                                       15
<PAGE>


                                   SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.


                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                      ------------------------------------
                                  (Registrant)


                           By: RELATED INDEPENDENCE L.L.C.,
                               General Partner

Date:  November 5, 2002

                               By: /s/ Alan P. Hirmes
                                   ------------------
                                   Alan P. Hirmes,
                                   President and Member
                                   (principal executive and financial officer)

Date:  November 5, 2002

                               By: /s/ Glenn F. Hopps
                                   ------------------
                                   Glenn F. Hopps,
                                   Treasurer
                                   (principal accounting officer)


<PAGE>


                                  CERTIFICATION


I, Alan P.  Hirmes,  Chief  Executive  Officer  and Chief  Financial  Officer of
Related  Independence  L.L.C.  (the  "General  Partner"),  which is the  General
Partner of  Independence  Tax Credit  Plus L.P. IV (the  "Partnership"),  hereby
certify that:

     1.   I have  reviewed  this  quarterly  report on Form 10-Q for the  period
          ending September 30, 2002 of the Partnership;

     2.   Based on my  knowledge,  this  quarterly  report  does not contain any
          untrue  statement of a material  fact or omit to state a material fact
          necessary  in  order  to make  the  statements  made,  in light of the
          circumstances  under which such  statements  were made, not misleading
          with respect to the period covered by this quarterly report;

     3.   Based on my knowledge,  the financial statements,  and other financial
          information  included in this quarterly report,  fairly present in all
          material respects the financial  condition,  results of operations and
          cash flows of the Partnership as of, and for, the periods presented in
          this quarterly report;

     4.   I am responsible for establishing and maintaining  disclosure controls
          and  procedures  (as defined in Exchange Act Rules 13a-14 and 15-d-14)
          for the Partnership and I have:

          a) designed  such  disclosure  controls and  procedures  to ensure the
          material  information relating to the Partnership is made known to me,
          particularly  during  the period in which  this  quarterly  report was
          being prepared;

          b)  evaluated  the  effectiveness  of  the  Partnership's   disclosure
          controls  and  procedures  as of September  30, 2002 (the  "Evaluation
          Date"); and


<PAGE>


          c)  presented  in this  quarterly  report  my  conclusions  about  the
          effectiveness  of the disclosure  controls and procedures based on our
          evaluation as of the Evaluation Date;

     5.   I  have  disclosed,  based  on  my  most  recent  evaluation,  to  the
          Partnership's  auditors  and to the Board of  Directors of the General
          Partner:

          a) all significant deficiencies in the design or operation of internal
          controls which could  adversely  affect the  Partnership's  ability to
          record,  process,   summarize  and  report  financial  data  and  have
          identified for the Partnership's  auditors any material  weaknesses in
          internal controls; and

          b) any fraud,  whether or not material,  that  involves  management or
          other  employees  who  have a  significant  role in the  Partnership's
          internal controls; and

     6.   I have  indicated in this  quarterly  report whether or not there were
          significant  changes in  internal  controls or in other  factors  that
          could significantly affect internal controls subsequent to the date of
          our most recent  evaluation,  including  any  corrective  actions with
          regard to significant deficiencies and material weaknesses.

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Partnership  has duly  caused  this  report to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.



                            By: /s/ Alan P. Hirmes
                                ------------------
                                Alan P. Hirmes
                                Chief Executive Officer and
                                Chief Financial Officer
                                November 5, 2002


<PAGE>


                                                                    Exhibit 99.1


                            CERTIFICATION PURSUANT TO
                             18.U.S.C. SECTION 1350,
                             AS ADOPTED PURSUANT TO
                  SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly  Report of Independence Tax Credit Plus L.P. IV
(the  "Partnership")  on Form 10-Q for the period  ending  September 30, 2002 as
filed with the  Securities  and  Exchange  Commission  on the date  hereof  (the
"Report"),  I, Alan P.  Hirmes,  Chief  Executive  Officer  and Chief  Financial
Officer of  Related  Independence  L.L.C.  which is the  general  partner of the
Partnership, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to
Section 906 of the Sarbanes-Oxley Act of 2002, that:


     (1) The Report fully  complies  with the  requirements  of section 13(a) or
15(d) of the Securities Exchange Act of 1934; and


     (2)  The  information  contained  in the  Report  fairly  presents,  in all
material  respects,  the  financial  condition  and result of  operations of the
Partnership.



By:  /s/Alan P. Hirmes
     -----------------
     Alan P. Hirmes
     Chief Executive Officer and Chief Financial Officer
     November 5, 2002