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, 2000

                                       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


                                                    December 31,       March 31,
                                                       2000              2000
                                                    -----------       ----------
                                                    (Unaudited)
ASSETS

Property and equipment at cost,
  net of accumulated depreciation
  of $6,408,312 and $4,577,654,
  respectively                                       $72,650,998     $74,451,342
Cash and cash equivalents                              5,021,218       4,384,477
Investments available for sale                                 0       3,100,000
Cash held in escrow                                    2,239,949       1,670,171
Deferred costs, net of accumulated
  amortization of $220,823 and $133,414,
  respectively                                         1,952,835       2,008,609
Other assets                                             458,545         772,771
                                                     -----------     -----------
Total assets                                         $82,323,545     $86,387,370
                                                     ===========     ===========

<PAGE>


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


                                                    December 31,       March 31,
                                                       2000              2000
                                                    -----------       ----------
                                                    (Unaudited)
LIABILITIES AND PARTNERS' CAPITAL (DEFICIT)
Liabilities:
Mortgage notes payable                              $ 36,629,041    $ 35,515,034
Construction loans payable                               599,426       3,243,234
Accounts payable and other
  liabilities                                          5,821,549       4,942,532
Due to local general partners and
  affiliates                                           3,315,121       3,822,627
Due to general partner and affiliates                  1,086,481         790,655
                                                    ------------    ------------
Total liabilities                                     47,451,618      48,314,082
                                                    ------------    ------------

Minority interest                                      1,960,867       1,998,515
                                                    ------------    ------------
Partners' capital (deficit):
Limited partners (45,844 BACs
  issued and outstanding)                             32,989,482      36,121,558
General partner                                          (78,422)       (46,785)
                                                    ------------    ------------
Total partners' capital (deficit)                     32,911,060      36,074,773
                                                    ------------    ------------
Total liabilities and partners'
  capital (deficit)                                 $ 82,323,545    $ 86,387,370
                                                    ============    ============

The Accompanying Notes are an integral part of these Consolidated Financial
Statements.

<PAGE>



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


                         Three Months Ended             Nine Months Ended
                             December 31,                  December 31,
                    ----------------------------    --------------------------
                          2000           1999*          2000          1999*
                    ----------------------------    --------------------------

Revenues
Rental income         $ 1,302,946    $ 1,492,034    $ 3,829,510    $ 3,250,859
Other income
  (principally
  interest
  on capital
  contributions)           70,265        127,156        284,320        428,274
                      -----------    -----------    -----------    -----------
Total revenues          1,373,211      1,619,190      4,113,830      3,679,133
                      -----------    -----------    -----------    -----------

Expenses
General and
  administrative          467,520        327,764      1,447,888        972,313
General and
  administrative-
  related parties         153,893        149,945        464,161        404,568
Repairs and
  maintenance             224,635        202,950        640,477        475,996
Operating                 159,941        122,829        468,135        307,699
Taxes                      58,605         31,266        205,252        115,903
Insurance                  69,272         64,826        190,158        146,321
Interest                  657,178        534,626      1,948,826      1,082,741
Depreciation and
  amortization            643,484        458,678      1,919,692      1,423,284
                      -----------    -----------    -----------    -----------
Total expenses          2,434,528      1,892,884      7,284,589      4,928,825
                      -----------    -----------    -----------    -----------

Loss before
  minority
  interest             (1,061,317)      (273,694)    (3,170,759)    (1,249,692)
Minority interest in
  loss (income) of
  subsidiary
  partnerships                126        (32,243)         7,046        (14,254)
                      -----------    -----------    -----------    -----------
Net loss              $(1,061,191)   $  (305,937)   $(3,163,713)   $(1,263,946)
                      ===========    ===========    ===========    ===========

Net loss - limited
  partners            $(1,050,579)   $  (302,877)   $(3,132,076)   $(1,251,306)
                      ===========    ===========    ===========    ===========

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

Net loss per BAC      $    (22.92)   $     (6.60)   $    (68.32)   $    (27.29)
                      ===========    ===========    ===========    ===========

* Reclassified for comparative purposes.
The Accompanying Notes are an integral part of these Consolidated Financial
Statements.

<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, 2000
                                   (Unaudited)



                                                   Limited            General
                                   Total           Partners           Partner
                               -------------------------------------------------
Partners' capital
  (deficit) -
  April 1, 2000                $ 36,074,773      $ 36,121,558      $    (46,785)
Net loss                         (3,163,713)       (3,132,076)          (31,637)
                               ------------      ------------      ------------
Partners' capital
  (deficit)-
  December 31, 2000            $ 32,911,060      $ 32,989,482      $    (78,422)
                               ============      ============      ============


The Accompanying Notes are an integral part of these Consolidated Financial
Statements.

<PAGE>



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


                                                       Nine Months Ended
                                                          December 31,
                                                     2000              1999*
                                                 -------------------------------


Cash flows from operating activities:
Net loss                                         $ (3,163,713)     $ (1,263,946)
                                                 ------------      ------------
Adjustments to reconcile net loss
  to net cash (used in) provided by
  operating activities:
Depreciation and amortization                       1,919,692         1,423,284
Minority interest in (loss) income
  of subsidiary partnerships                           (7,046)           14,254
Increase in cash held in escrow                      (569,778)       (1,362,364)
Decrease in other assets                              314,226             3,314
Increase in accounts payable
  and other liabilities                             1,042,616         1,333,443
Increase in due to local general
  partners and affiliates                              51,036           170,233
Decrease in due to local general
  partners and affiliates                            (558,542)          (11,483)
Increase in due to general
  partner and affiliates                              295,826           216,713
                                                 ------------      ------------
  Total adjustments                                 2,488,030         1,787,394
                                                 ------------      ------------

Net cash (used in) provided by
  operating activities                               (675,683)          523,448
                                                 ------------      ------------

<PAGE>

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


                                                       Nine Months Ended
                                                          December 31,
                                                     2000              1999*
                                                 -------------------------------

Cash flows from investing activities:
Increase in property and equipment                    (30,314)       (9,650,305)
Increase in construction in progress                        0        (3,811,441)
Decrease in cash held in escrow                             0           691,089
Decrease in accounts payable and
  other liabilities                                  (163,599)                0
Increase in due to local general
  partners and affiliates                                   0           575,273
Decrease in due to local general
  partners and affiliates                                   0        (3,545,941)
Decrease in investments
  available for sale                                3,100,000        14,050,000
(Increase) decrease in deferred costs                 (31,635)            1,963
                                                 ------------      ------------
Net cash provided by (used in)
  investing activities                              2,874,452        (1,689,362)
                                                 ------------      ------------

Cash flows from financing activities:
Proceeds from mortgage notes                           58,591                 0
Repayments of mortgage notes                          (91,283)          (61,671)
Proceeds from construction loans                            0         5,227,445
Repayments of construction loans                   (1,497,109)                0
Increase in deferred costs                             (1,625)         (324,816)
(Decrease) increase in capitalization
  of consolidated subsidiaries
  attributable to minority interest                   (30,602)          304,313
                                                 ------------      ------------
Net cash (used in) provided by
  financing activities                             (1,562,028)        5,145,271
                                                 ------------      ------------

Net increase in cash and
  cash equivalents                                    636,741         3,979,357
Cash and cash equivalents at
  beginning of period                               4,384,477         3,438,165
                                                 ------------      ------------
Cash and cash equivalents at
  end of period                                  $  5,021,218      $  7,417,522
                                                 ============      ============

<PAGE>


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


                                                       Nine Months Ended
                                                          December 31,
                                                     2000              1999*
                                                 -------------------------------
Supplemental disclosures of noncash
  investing and financing activities:

Reclassification of construction in
  progress to property and
  equipment                                      $          0      $ (3,811,411)

Decrease in construction
  in progress                                               0         3,811,411

Property and equipment
  reclassified from construction
  in progress                                               0        12,796,728

Conversion of construction loans
  to mortgage notes                                 1,146,699         2,500,000

* Reclassified for comparative purposes.
The Accompanying Notes are an integral part of these Consolidated Financial
Statements.



<PAGE>

                      INDEPENDENCE TAX CREDIT PLUS L.P. IV
                                AND SUBSIDIARIES
                          Notes to Financial Statements
                                December 31, 2000
                                   (Unaudited)

Note 1 - General

Independence  Tax Credit  Plus L.P.  IV (a Delaware  limited  partnership)  (the
"Partnership")  was  organized on February 22, 1995,  and  commenced  the public
offering on July 6, 1995.  The  general  partner of the  Partnership  is Related
Independence   L.L.C.,  a  Delaware  limited  liability  company  (the  "General
Partner").

The  Partnership's   business  is  to  invest  in  other  partnerships   ("Local
Partnerships",  "subsidiaries"  or "subsidiary  partnerships")  owning apartment
complexes that are eligible for the low-income  housing tax credit ("Housing Tax
Credit") enacted in the Tax Reform Act of 1986, some of which complexes may also
be eligible for the historic  rehabilitation  tax credit ("Historic Tax Credit";
together with Housing Tax Credits, "Tax Credits").

As of December  31, 2000,  the  Partnership  has acquired a limited  partnership
interest  in  fourteen   subsidiary   partnerships,   all  of  which  have  been
consolidated.  The Partnership does not anticipate acquiring limited partnership
interests  in  any  additional   subsidiary   partnerships.   The  Partnership's
investment in each Local  Partnership  represents from 98.99% to 99.98% with one
Local  Partnership  at  58.12%  of  the  partnership   interests  in  the  Local
Partnership.  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 partnership.

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.

Increases  (decreases)  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  interest which exceed the minority  interests'
investment  in a subsidiary  have been charged to the  Partnership.  Such losses
aggregated approximately $5,000 and $0 and $11,000 and $0 for the three and nine
months  ended  December  31,  2000 and  1999,  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.

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 period  ended  March 31,
2000.

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, 2000, the results of operations for the three and
nine  months  ended  December  31, 2000 and 1999 and its cash flows for the nine
months ended December 31, 2000 and 1999. However,  the operating results for the
nine months ended December 31, 2000 may not be indicative of the results for the
year.

<PAGE>

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, 2000 and 1999 were as follows:

                             Three Months Ended     Nine Months Ended
                                December 31,            December 31,
                           --------------------    --------------------
                              2000       1999        2000        1999
                           --------------------    --------------------

Partnership manage-
  ment fees (a)            $ 82,399    $ 85,616    $247,198    $230,277
Expense reimburse-
  ment (b)                   34,467      40,184     105,763      98,029
Local administrative
  fee (c)                     9,500       5,000      28,500      15,000
                           --------    --------    --------    --------
Total general and
  administrative-
  General Partner           126,366     130,800     381,461     343,306
                           --------    --------    --------    --------
Property manage-
  ment fees incurred
  to affiliates of th
  subsidiary
  partnerships'
  general
  partners (d)               27,527      19,145      82,700      61,262
                           --------    --------    --------    --------
Total general and
  administrative-
  related parties          $153,893    $149,945    $464,161    $404,568
                           ========    ========    ========    ========


(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
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  $638,000 and $415,000  were accrued and unpaid as of December 31,
2000 and March 31, 2000, 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
$90,208 and  $68,591 and  $258,643  and  $198,183  for the three and nine months
ended  December  31,  2000 and 1999,  respectively.  Of these fees  $27,527  and
$19,145 and $82,700 and $61,262 were incurred to  affiliates  of the  subsidiary
partnerships' general partners.

<PAGE>



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

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

The  Partnership's  primary source of funds 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, 2000, the Partnership has invested approximately  $37,669,000
(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 $2,612,000 remains to be paid
to the  Local  Partnerships  (including  approximately  $629,000  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, 2000,
approximately  $1,150,000  was paid to  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.  There were no increases in purchase price
adjustments during the nine months ended December 31, 2000.

For the nine months ended  December 31, 2000,  cash and cash  equivalents of the
Partnership  and  its  fourteen   consolidated  Local   Partnerships   increased
approximately  $637,000  due to a decrease  in  investments  available  for sale
($3,100,000)  which  exceeded cash used in operating  activities  ($676,000),  a
decrease  in  accounts  payable  and other  liabilities  relating  to  investing
activities  ($164,000),  a net increase in deferred  costs relating to investing
and  financing  activities  ($33,000),  an increase in  property  and  equipment
($30,000),  net repayments of mortgage notes and construction loans ($1,530,000)
and a decrease in  capitalization of consolidated  subsidiaries  attributable to
minority  interest  ($31,000).  Included in the adjustments to reconcile the net
loss  to  cash  used  in  operations  is   depreciation   and   amortization  of
approximately $1,920,000.

A working  capital reserve has been  established  from the  Partnership's  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,  2000,  there is  approximately  $939,000 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.  Cash  distributions  from  the  Local  Partnership  will be  relatively
immaterial.  During the nine months ended  December 31, 2000,  there has been no
cash distributions 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  will be  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  are not
included in the financial statement carrying amount.

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

As of December 31, 2000 and 1999,  the  Partnership  had acquired an interest in
fourteen Local  Partnerships,  fourteen and twelve of which were consolidated at
December 31, 2000 and 1999,  respectively.  The  Partnership  does not intend to
acquire any additional interests in Local Partnerships.

The  Partnership's  results of  operations  for the three and nine months  ended
December 31, 2000 and 1999 consisted primarily of (1) approximately  $29,000 and
$80,000 and $98,000 and $294,000,  respectively,  of tax-exempt  interest income
earned on funds not currently invested in Local Partnerships and (2) the results
of the  Partnership's  investment in fourteen of fourteen and twelve of fourteen
consolidated Local Partnerships, respectively.

For the three  and nine  months  ended  December  31,  2000 as  compared  to the
corresponding  periods in 1999,  all  categories  of expenses  increased and the
results of operations are not comparable  due to the  acquisition,  construction
and rent up of properties,  and are not  reflective of future  operations of the
Partnership due to uncompleted property  construction and rent up of properties.
In addition, interest income will continue to decrease in future periods since a
substantial  portion of the proceeds  from the  Offering  will be included in or
released to Local Partnerships.  Rental income decreased  approximately $189,000
for the three  months ended  December 31, 2000 as compared to the  corresponding
period  in  1999  due to an  overaccrual  at  December  31,  1999  at one  Local
Partnership  which was  corrected  at March 31,  2000.  Other  income  decreased
approximately  $57,000 and $144,000 for the three and nine months ended December
31, 2000 as compared to the  corresponding  periods in 1999  primarily  due to a
decrease in interest income as a result of the acquisition of and the release of
proceeds to the Local Partnerships.

Item 3.  Quantitative and Qualitative Disclosures about Market Risk

None



<PAGE>
                           PART II. OTHER INFORMATION

Item 1.    Legal Proceedings - None

Item 2.    Changes in Securities - 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**

     (27) Financial Data Schedule (filed herewith)

     *  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.


<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:

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

Date:

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



<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:  January 31, 2001

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

Date:  January 31, 2001

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