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 December 31, 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>

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

Property and equipment - at cost,
  net of accumulated depreciation
  of $11,296,525 and $9,458,063,
  respectively                                     $ 70,090,507    $ 71,923,788
Cash and cash equivalents                             1,908,801       2,461,056
Cash held in escrow                                   3,449,765       3,087,693
Deferred costs, net of accumulated
  amortization of $378,913 and
  $311,350, respectively                                800,203         867,766
Other assets                                            641,801         425,486
                                                   ------------    ------------
Total assets                                       $ 76,891,077    $ 78,765,789
                                                   ============    ============
</TABLE>

                                       2
<PAGE>

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

<TABLE>
<CAPTION>

                                                   ============    ============
                                                   December 31,      March 31,
                                                       2002            2002
                                                   ------------    ------------
                                                   (Unaudited)
<S>                                                <C>             <C>

LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Liabilities:
  Mortgage notes payable                           $ 36,583,321    $ 36,739,830
  Accounts payable and other
   liabilities                                        7,355,005       6,663,234
  Due to local general partners and
   affiliates                                         2,540,668       2,777,814
  Due to general partner and affiliates               1,562,992       1,346,115
                                                   ------------    ------------
Total liabilities                                    48,041,986      47,526,993
                                                   ------------    ------------

Minority interest                                     2,102,363       2,244,151
                                                   ------------    ------------

Partners' capital (deficit):
  Limited partners (45,844 BACs
   issued and outstanding)                           26,886,794      29,112,232
  General partner                                      (140,066)       (117,587)
                                                   ------------    ------------
Total partners' capital (deficit)                    26,746,728      28,994,645
                                                   ------------    ------------
Total liabilities and partners'
  capital (deficit)                                $ 76,891,077    $ 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              Nine Months Ended
                              December 31,                    December 31,
                       --------------------------    ---------------------------
                           2002          2001*           2002           2001*
                       --------------------------    ---------------------------

<S>                    <C>            <C>            <C>            <C>
Revenues
Rental income          $ 1,405,711    $ 1,352,080    $ 4,172,842    $ 4,076,077
Other income
  (principally
  interest)                 52,637         55,078        170,798        218,819
                       -----------    -----------    -----------    -----------
Total revenues           1,458,348      1,407,158      4,343,640      4,294,896
                       -----------    -----------    -----------    -----------
Expenses
General and
  administrative           365,266        374,460      1,137,010      1,088,030
General and
  administrative-
  related parties          144,718        138,917        437,543        431,659
Repairs and
  maintenance              229,055        229,672        701,370        764,043
Operating                  166,191        151,950        495,405        543,164
Taxes                       37,388         37,340        121,327        119,677
Insurance                   75,015         70,180        189,778        186,364
Interest                   539,316        653,164      1,621,609      1,964,003
Depreciation and
  amortization             635,540        620,124      1,906,025      1,871,557
                       -----------    -----------    -----------    -----------
Total expenses           2,192,489      2,275,807      6,610,067      6,968,497
                       -----------    -----------    -----------    -----------

Loss before
  minority
  interest                (734,141)      (868,649)    (2,266,427)    (2,673,601)
Minority interest in
  loss of subsidiary
  partnerships               2,572          6,463         18,510         19,788
                       -----------    -----------    -----------    -----------
Net loss               $  (731,569)   $  (862,186)   $(2,247,917)   $(2,653,813)
                       ===========    ===========    ===========    ===========

Net loss - limited
  partners             $  (724,253)   $  (853,564)   $(2,225,438)   $(2,627,275)
                       ===========    ===========    ===========    ===========

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

Net loss per BAC       $    (15.79)   $    (18.62)   $    (48.54)   $    (57.31)
                       ===========    ===========    ===========    ===========

</TABLE>

*Reclassified for comparative purposes.
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 Nine Months Ended December 31, 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                           (2,247,917)    (2,225,438)        (22,479)
                                 ------------   ------------    ------------
Partners' capital
  (deficit) -
December 31, 2002                $ 26,746,728   $ 26,886,794    $   (140,066)
                                 ============   ============    ============

</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>
                                                   =============================
                                                         Nine Months Ended
                                                            December 31,
                                                   -----------------------------
                                                      2002              2001*
                                                   -----------------------------
<S>                                                <C>              <C>
Cash flows from operating activities:
Net loss                                           $(2,247,917)     $(2,653,813)
                                                   -----------      -----------
Adjustments to reconcile net loss
  to net cash used in operating
  activities:
Depreciation and amortization                        1,906,025        1,871,557
Minority interest in loss of
  subsidiary partnerships                              (18,510)         (19,788)
Increase in cash held in escrow                       (362,072)        (295,907)
Increase in other assets                              (216,315)        (198,978)
Increase in accounts payable
  and other liabilities                                691,771          864,359
Increase in due to local general
  partners and affiliates                                    0            7,213
Decrease in due to local general
  partners and affiliates                              (39,770)         (90,113)
Increase in due to general
  partner and affiliates                               216,877           33,105
                                                   -----------      -----------
  Total adjustments                                  2,178,006        2,171,448
                                                   -----------      -----------

Net cash used in operating activities                  (69,911)        (482,365)
                                                   -----------      -----------

</TABLE>

                                       6
<PAGE>

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

<TABLE>
<CAPTION>
                                                   =============================
                                                         Nine Months Ended
                                                            December 31,
                                                   -----------------------------
                                                      2002              2001*
                                                   -----------------------------
<S>                                                <C>              <C>
Cash flows from investing activities:
Increase in property and equipment                      (5,181)         (28,388)
Increase in cash held in escrow                              0          (30,000)
Increase in due to local general
  partners and affiliates                              120,797           41,319
Decrease in due to local general
  partners and affiliates                             (318,173)         (59,095)
                                                   -----------      -----------
Net cash used in investing activities                 (202,557)         (76,164)
                                                   -----------      -----------

Cash flows from financing activities:
Proceeds from mortgage notes                                 0          546,225
Principal reduction of mortgage notes                 (156,509)        (119,172)
Repayment of construction loans                              0         (545,374)
Increase in deferred costs                                   0          (60,013)
Decrease in capitalization of
  consolidated subsidiaries
  attributable to minority interest                   (123,278)          (1,714)
                                                   -----------      -----------
Net cash used in financing
  activities                                          (279,787)        (180,048)
                                                   -----------      -----------

Net decrease in cash and cash
  equivalents                                         (552,255)        (738,577)
Cash and cash equivalents at
  beginning of period                                2,461,056        3,705,003
                                                   -----------      -----------
Cash and cash equivalents at
  end of period                                    $ 1,908,801      $ 2,966,426
                                                   ===========      ===========

Supplemental disclosures of
  noncash financing activities

Conversion of construction loans
  to mortgage notes                                $         0      $   545,374

</TABLE>

* Reclassified for comparative purposes.
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
                                December 31, 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 December
31. All  subsidiaries  have fiscal quarters ending September 30. Accounts of the
subsidiaries  have been adjusted for  intercompany  transactions  from October 1
through December 31. The Partnership's  fiscal quarter ends December 31 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.

Increase   (decrease)  in  the   capitalization  of  consolidated   subsidiaries
attributable to minority  interest arise from cash  contributions  from and cash
distributions to the minority interest partners.

Losses  attributable to minority interests which exceed the minority  interests'
investment  in a subsidiary  have been charged to the  Partnership.  Such losses
aggregated  approximately $1,000 and $2,000, $5,000 and $7,000 for the three and
nine months ended December 31, 2002 and 2001,  respectively.  The  Partnership's

                                       8
<PAGE>

                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                                December 31, 2002
                                   (Unaudited)

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.

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 December 31, 2002, its results of operations for the three and
nine  months  ended  December  31, 2002 and 2001 and its cash flows for the nine
months ended December 31, 2002 and 2001. However,  the operating results for the
nine months ended December 31, 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
                                December 31, 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 nine  months  ended
December 31, 2002 and 2001 were as follows:
<TABLE>
<CAPTION>
                                     Three Months Ended      Nine Months Ended
                                         December 31,           December 31,
                                    --------------------    -------------------
                                      2002        2001        2002       2001
                                    --------------------    -------------------
<S>                                 <C>         <C>         <C>      <C>

Partnership manage-
  ment fees (a)                     $ 84,280    $ 83,742    $252,840   $251,226
Expense reimburse-
  ment (b)                            26,027      25,250      82,951     86,564
Local administrative
  fee (c)                             12,000      11,000      36,000     33,000
                                    --------    --------    --------   --------
Total general and
  administrative-
  General Partner                    122,307     119,992     371,791    370,790
                                    --------    --------    --------   --------
Property manage-
  ment fees incurred
  to affiliates of the
  subsidiary
  partnerships'
  general
  partners (d)                        22,411      18,925      65,752     60,869
                                    --------    --------    --------   --------
Total general and
  administrative-
  related parties                   $144,718    $138,917    $437,543   $431,659
                                    ========    ========    ========   ========

</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
                                December 31, 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 $1,208,000 and $955,000 were accrued and unpaid as of December 31,
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
$84,472,  $82,071,  $252,029  and  $253,906  for the three and nine months ended
December  31,  2002 and 2001,  respectively.  Of these fees,  $22,411,  $18,925,
$65,752 and $60,869 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 December 31, 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,  which
has been  eliminated in  consolidation,  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 nine months ended December 31, 2002,  approximately $109,000 was paid
to the Local Partnerships (none of which was released from escrow).

For the nine months ended  December 31, 2002,  cash and cash  equivalents of the
Partnership  and its  fourteen  consolidated  Local  Partnerships  decreased  by
approximately  $552,000.  This  decrease  was  due to cash  used  in  operations
($70,000),  an increase in property and equipment ($5,000),  principal reduction
of mortgage notes ($157,000) a net decrease in due to local general partners and
affiliates  relating  to  investing  activities  ($197,000)  and a  decrease  in
capitalization  of  consolidated  subsidiaries  attributed to minority  interest
($123,000).  Included in the  adjustments to reconcile the net loss to cash used
in operating  activities  is  depreciation  and  amortization  of  approximately
$1,906,000.

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 December 31,
2002,  there is  approximately  $251,000 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
Partnerships  will be  relatively  immaterial.  During  the  nine  months  ended


                                       12
<PAGE>

December 31, 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 nine months ended December 31, 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  4% and 2% for the three and nine months
ended  December  31,  2002 as  compared  to the  corresponding  periods in 2001,
primarily due to rental rate increases.

Other income decreased  approximately  $2,000 and $48,000 for the three and nine
months ended December 31, 2002 as compared to the corresponding periods 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 interest, remained fairly consistent, with an increase
of  approximately  2% and decrease of less than 1% for the three and nine months
ended December 31, 2002 as compared to the corresponding periods in 2001.

Interest expense decreased approximately $114,000 and $342,000 for the three and
nine months ended  September  2002 as compared to the  corresponding  periods in
2001, primarily due to overaccruals at two Local Partnerships in 2001.

                                       13
<PAGE>

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  ended  December  31,  2002 as filed  with the  Securities  and  Exchange
Commission  and has judged such  controls and  procedures  to be effective as of
December 31, 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
Escrow 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: February 5, 2003

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

Date: February 5, 2003

                                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 ended
         December 31, 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 that
         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 December 31, 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 my
         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.



                                By: /s/ Alan P. Hirmes
                                    ------------------
                                    Alan P. Hirmes
                                    Chief Executive Officer and
                                    Chief Financial Officer
                                    February 5, 2003


<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 ended December 31, 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
     February 5, 2003