##### Table of Contents



UNITED STATES
 SECURITIES AND EXCHANGE
    COMMISSION
 Washington, D.C. 20549
  FORM 10-K
  (Mark One)
 [X]  ANNUAL REPORT
    PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF
    1934
  For the fiscal year ended December 31, 2006
  OR
  [ ]  TRANSITION
    REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
  SECURITIES EXCHANGE ACT OF
    1934
  For the transition period from
    
    to
  Commission file no. 33-13437
  DEL TACO INCOME PROPERTIES
    IV
 (A California limited partnership)
 (Exact name of registrant as
    specified in its charter)
  California(State or other jurisdiction
    of
    incorporation or organization)

33-0241855(I.R.S. Employer
    Identification Number)25521 Commercentre Drive
    Lake Forest, California(Address of principal
    executive offices)

92630(Zip Code)    (949) 462-9300
      X
  X
  X
  DOCUMENTS
    INCORPORATED BY REFERENCE
     Rule 12b-2
  X
  Rule 12b-2  X




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TABLE OF CONTENTS  PART IItem 1. BusinessItem 3. Legal ProceedingsItem 4. Submission of Matters to a Vote of Security HoldersPART IIItem 5. Market for the Partnerships Common Equity, Related Security Holder Matters and Issuer Purchases of Equity SecuritiesItem 6. Selected Financial DataItem 7. Managements Discussion and Analysis of Financial Condition and Results of OperationsItem 7A. Quantitative and Qualitative Disclosures About Market RiskItem 8. Financial StatementsItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationPART IIIItem 10. Directors and Executive OfficersItem 11. Executive CompensationItem 12. Security Ownership of Certain Beneficial Owners and Management and Related Security Holder MattersItem 13. Certain Relationships and Related TransactionsItem 14. Principal Accountant Fees and ServicesPART IVItem 15. Exhibits, Financial Statements Schedules, and Reports on Form 8-KSIGNATURESEXHIBIT INDEXEXHIBIT 31.1EXHIBIT 31.2EXHIBIT 32.1    Table of Contents  
 PART I
 
 Item 1. Business
    Item 2. Properties
  Date ofDate of
    
    Restaurant
    
    Commencement ofAddress
    
    City, State
    
    Acquisition
    
    Constructed
    
    Operation (1)Orangethorpe
Avenue
    
    Placentia, CA
    
    August 5, 1988
    
    60 seat with drive
through service
window
    
    March 27, 1989Lakeshore
Drive
    
    Lake Elsinore, CA
    
    February 1, 1989
    
    60 seat with drive
through service
window
    
    April 18, 1990(2)Highland Avenue
    
    San Bernardino, CA
    
    December 8, 1989
    
    60 seat with drive
through service
window
    
    July 13, 1990
  
 (1)
    
    Commencement of operation is the first date Del Taco, as lessee, operated the facility on the
site as a Del Taco restaurant.(2)
    
    The restaurant is subleased to a franchisee of Del Taco and the restaurant operates as a Del
Taco restaurant. 
 Item 3. Legal Proceedings
  
 Item 4. Submission of Matters to a Vote of Security Holders
  2




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PART II
 
 Item 5. Market for the Partnerships Common Equity, Related Security Holder Matters and Issuer
Purchases of Equity Securities
  
 Item 6. Selected Financial Data
  Years Ended December 31,2006
    
    
    2005
    
    
    2004
    
    
    2003
    
    
    2002Rental revenues
    
    $
    448,520
    
    
    $
    458,027
    
    
    $
    439,657
    
    
    $
    439,657
    
    
    $
    432,629General and administrative expense
    
    
    63,845
    
    
    
    62,255
    
    
    
    60,837
    
    
    
    62,441
    
    
    
    45,707Depreciation expense
    
    
    55,268
    
    
    
    55,268
    
    
    
    55,268
    
    
    
    55,268
    
    
    
    55,268Interest and other income
    
    
    2,873
    
    
    
    2,348
    
    
    
    1,955
    
    
    
    1,858
    
    
    
    3,127Net income
    
    
    332,280
    
    
    
    342,852
    
    
    
    325,507
    
    
    
    323,806
    
    
    
    334,781Net income per limited
partnership unit
    
    
    1.99
    
    
    
    2.05
    
    
    
    1.95
    
    
    
    1.94
    
    
    
    2.00Cash distributions per limited
partnership unit
    
    
    2.38
    
    
    
    2.34
    
    
    
    2.52
    
    
    
    2.34
    
    
    
    2.35Total assets
    
    
    1,777,129
    
    
    
    1,840,586
    
    
    
    1,892,767
    
    
    
    1,975,153
    
    
    
    2,039,717Long-term obligations
    
    
    137,953
    
    
    
    137,953
    
    
    
    137,953
    
    
    
    137,953
    
    
    
    137,953
 3




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Item 7. Managements Discussion and Analysis of Financial Condition and Results of Operations
   Liquidity and Capital Resources
   Off Balance Sheet Arrangements and Contractual Obligations
  Results of Operations
   Years Ended December 31,2006
    
    
    2005
    
    
    2004Orangethorpe Ave., Placentia, CA
    
    $
    179,482
    
    
    $
    176,686
    
    
    $
    169,881Lakeshore Drive, Lake Elsinore, CA
    
    
    176,494
    
    
    
    185,435
    
    
    
    176,599Highland Ave., San Bernardino, CA
    
    
    92,544
    
    
    
    95,906
    
    
    
    93,177Total
    
    $
    448,520
    
    
    $
    458,027
    
    
    $
    439,657
 4




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##### Table of Contents



Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
(Continued)
 Results of Operations (continued)
   Percentage of Total General and Administrative Expense
 Years Ended December 31,2006
    
    
    2005
    
    
    2004Accounting fees
    
    
    67.09
    %
    
    
    64.47
    %
    
    
    59.98
    %Distribution of information
to limited partners
    
    
    31.34
    
    
    
    33.94
    
    
    
    38.62Other
    
    
    1.57
    
    
    
    1.59
    
    
    
    1.40100.00
    
    
    
    100.00
    
    
    
    100.00
      5




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Item 7.
    
    Managements Discussion and Analysis of Financial Condition and Results of Operations
(Continued)
 Recent Accounting Pronouncements
  Critical Accounting Policies and Estimates
  Property and Equipment:
  
 Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
  6




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Item 8. Financial Statements
 PART I. INFORMATION
 INDEX
    
    PAGE NUMBERReport of Independent Registered Public Accounting Firm 
Squar, Milner, Peterson, Miranda & Williamson, LLP
    
    
    8Report of Independent Registered Public Accounting Firm 
KPMG LLP
    
    
    9Balance Sheets at December 31, 2006 and 2005
    
    
    10Statements of Income for the years ended
December 31, 2006, 2005 and 2004
    
    
    11Statements of Partners Equity for
the years ended December 31, 2006, 2005 and 2004
    
    
    12Statements of Cash Flows for the years ended
December 31, 2006, 2005 and 2004
    
    
    13Notes to Financial Statements
    
    
    14-19Schedule III  Real Estate and Accumulated Depreciation
    
    
    25
 7




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Report of Independent Registered Public Accounting Firm
 
       8




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Report of Independent Registered Public Accounting Firm
 
     
 9




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DEL TACO INCOME PROPERTIES IV
 BALANCE SHEETS
 December 31,2006
    
    
    2005ASSETSCURRENT ASSETS:Cash
    
    $
    144,397
    
    
    $
    150,403Receivable from Del Taco LLC
    
    
    36,536
    
    
    
    38,934Deposits
    
    
    615
    
    
    
    400Total current assets
    
    
    181,548
    
    
    
    189,737PROPERTY AND EQUIPMENT:Land and improvements
    
    
    1,236,700
    
    
    
    1,236,700Buildings and improvements
    
    
    1,289,860
    
    
    
    1,289,860Machinery and equipment
    
    
    484,789
    
    
    
    484,7893,011,349
    
    
    
    3,011,349Lessaccumulated depreciation
    
    
    1,415,768
    
    
    
    1,360,5001,595,581
    
    
    
    1,650,849$
    1,777,129
    
    
    $
    1,840,586LIABILITIES AND PARTNERS EQUITYCURRENT LIABILITIES:Payable to limited partners
    
    $
    34,885
    
    
    $
    37,993Accounts payable
    
    
    10,571
    
    
    
    5,923Total current liabilities
    
    
    45,456
    
    
    
    43,916OBLIGATION TO GENERAL PARTNER
    
    
    137,953
    
    
    
    137,953PARTNERS EQUITY:Limited
partners; 165,375 units outstanding at December 31, 2006 and December 31, 2005
    
    
    1,608,916
    
    
    
    1,673,263General partner-Del Taco LLC
    
    
    (15,196
    )
    
    
    (14,546
    )1,593,720
    
    
    
    1,658,717$
    1,777,129
    
    
    $
    1,840,586
  10




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DEL TACO INCOME PROPERTIES IV
 STATEMENTS OF INCOME
 Years Ended December 31,2006
    
    
    2005
    
    
    2004RENTAL REVENUES
    
    $
    448,520
    
    
    $
    458,027
    
    
    $
    439,657EXPENSES:General and administrative
    
    
    63,845
    
    
    
    62,255
    
    
    
    60,837Depreciation
    
    
    55,268
    
    
    
    55,268
    
    
    
    55,268119,113
    
    
    
    117,523
    
    
    
    116,105Operating income
    
    
    329,407
    
    
    
    340,504
    
    
    
    323,552OTHER INCOME:Interest
    
    
    2,273
    
    
    
    1,848
    
    
    
    1,380Other
    
    
    600
    
    
    
    500
    
    
    
    575Net income
    
    $
    332,280
    
    
    $
    342,852
    
    
    $
    325,507Net income per limited
partnership unit (note 2)
    
    $
    1.99
    
    
    $
    2.05
    
    
    $
    1.95Number of limited partnership units
used in computing per unit amounts
    
    
    165,375
    
    
    
    165,375
    
    
    
    165,375
  11




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DEL TACO INCOME PROPERTIES IV
 STATEMENTS OF PARTNERS EQUITY
 Years Ended December 31, 2006, 2005, and 2004
 Limited Partners
    
    
    GeneralUnits
    
    
    Amount
    
    
    Partner
    
    
    TotalBalance, December 31, 2003
    
    
    165,375
    
    
    
    1,815,584
    
    
    
    (13,109
    )
    
    
    1,802,475Net Income
    
    
    
    
    
    
    322,252
    
    
    
    3,255
    
    
    
    325,507Cash Distributions
    
    
    
    
    
    
    (416,442
    )
    
    
    (4,206
    )
    
    
    (420,648
    )Balance, December 31, 2004
    
    
    165,375
    
    
    
    1,721,394
    
    
    
    (14,060
    )
    
    
    1,707,334Net Income
    
    
    
    
    
    
    339,423
    
    
    
    3,429
    
    
    
    342,852Cash Distributions
    
    
    
    
    
    
    (387,554
    )
    
    
    (3,915
    )
    
    
    (391,469
    )Balance, December 31, 2005
    
    
    165,375
    
    
    
    1,673,263
    
    
    
    (14,546
    )
    
    
    1,658,717Net Income
    
    
    
    
    
    
    328,957
    
    
    
    3,323
    
    
    
    332,280Cash Distributions
    
    
    
    
    
    
    (393,304
    )
    
    
    (3,973
    )
    
    
    (397,277
    )Balance, December 31, 2006
    
    
    165,375
    
    
    $
    1,608,916
    
    
    $
    (15,196
    )
    
    $
    1,593,720
  12




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DEL TACO INCOME PROPERTIES IV
 STATEMENTS OF CASH FLOWS
 Years Ended December 31,2006
    
    
    2005
    
    
    2004CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    332,280
    
    
    $
    342,852
    
    
    $
    325,507Adjustments to reconcile net income to net
cash provided by operating activities:Depreciation
    
    
    55,268
    
    
    
    55,268
    
    
    
    55,268Changes in operating assets and liabilities:Receivable from Del Taco LLC
    
    
    2,398
    
    
    
    6,831
    
    
    
    40,082Deposits
    
    
    (215
    )
    
    
    200
    
    
    
    (126
    )Payable to limited partners
    
    
    (3,108
    )
    
    
    1,080
    
    
    
    5,223Accounts payable
    
    
    4,648
    
    
    
    (4,644
    )
    
    
    7,532Net cash provided by operating activities
    
    
    391,271
    
    
    
    401,587
    
    
    
    433,486CASH FLOWS FROM FINANCING ACTIVITIES:Cash distributions to partners
    
    
    (397,277
    )
    
    
    (391,469
    )
    
    
    (420,648
    )Net (decrease) increase in cash
    
    
    (6,006
    )
    
    
    10,118
    
    
    
    12,838Beginning cash balance
    
    
    150,403
    
    
    
    140,285
    
    
    
    127,447Ending cash balance
    
    $
    144,397
    
    
    $
    150,403
    
    
    $
    140,285
  13




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DEL TACO INCOME PROPERTIES IV
 NOTES TO FINANCIAL STATEMENTS
 NOTE 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 The Partnership:
   Basis of Accounting:
 Property and Equipment:
  14




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DEL TACO INCOME PROPERTIES IV  NOTES TO FINANCIAL STATEMENTS - CONTINUED
 NOTE 1  ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  Continued
 Income Taxes:
 Net Income Per Limited Partnership Unit:
 Use of Estimates:
 Revenue Recognition:
 Concentration of Risk:
  15




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DEL TACO INCOME PROPERTIES IV  NOTES TO FINANCIAL STATEMENTS - CONTINUED
 NOTE 2  PARTNERS EQUITY
  NOTE 3  OBLIGATION TO GENERAL PARTNER
  NOTE 4  LEASING ACTIVITIES
   16




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DEL TACO INCOME PROPERTIES IV  NOTES TO FINANCIAL STATEMENTS - CONTINUED
 NOTE 5  RELATED PARTIES
     NOTE 6  INCOME TAXES (UNAUDITED)
   2006
    
    
    2005
    
    
    2004Net income per financial
statements
    
    $
    332,280
    
    
    $
    342,852
    
    
    $
    325,507Excess book depreciation
    
    
    14,915
    
    
    
    14,915
    
    
    
    14,915Taxable income
    
    $
    347,195
    
    
    $
    357,767
    
    
    $
    340,422
  Partners equity per financial statements
    
    $
    1,593,720Issue costs of limited partnership units
capitalized for tax purposes
    
    
    579,259Difference in book vs. tax depreciation
    
    
    244,752Partners equity for tax purposes
    
    $
    2,417,731
 17




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DEL TACO INCOME PROPERTIES IV  NOTES TO FINANCIAL STATEMENTS - CONTINUED
 NOTE 7  CASH DISTRIBUTIONS TO LIMITED PARTNERS
  Cash
    
    
    Weighted
    
    
    Number of UnitsDistribution per
    
    
    Average Number
    
    
    Outstanding atLimited Partnership
    
    
    of Units
    
    
    the End ofQuarter Ended
    
    Unit
    
    
    Outstanding
    
    
    QuarterDecember 31, 2003
    
    $
    0.54
    
    
    
    165,375
    
    
    
    165,375March 31, 2004
    
    
    0.75
    
    
    
    165,375
    
    
    
    165,375June 30, 2005
    
    
    0.56
    
    
    
    165,375
    
    
    
    165,375September 30, 2004
    
    
    0.67
    
    
    
    165,375
    
    
    
    165,375Total paid in 2004
    
    $
    2.52December 31, 2004
    
    $
    0.59
    
    
    
    165,375
    
    
    
    165,375March 31, 2005
    
    
    0.63
    
    
    
    165,375
    
    
    
    165,375June 30, 2005
    
    
    0.49
    
    
    
    165,375
    
    
    
    165,375September 30, 2005
    
    
    0.63
    
    
    
    165,375
    
    
    
    165,375Total paid in 2005
    
    $
    2.34December 31, 2005
    
    $
    0.64
    
    
    
    165,375
    
    
    
    165,375March 31, 2006
    
    
    0.55
    
    
    
    165,375
    
    
    
    165,375June 30, 2006
    
    
    0.56
    
    
    
    165,375
    
    
    
    165,375September 30, 2006
    
    
    0.63
    
    
    
    165,375
    
    
    
    165,375Total paid in 2006
    
    $
    2.38
  NOTE 8  RESULTS BY QUARTER (UNAUDITED)
 First
    
    Second
    
    Third
    
    FourthQuarter
    
    Quarter
    
    Quarter
    
    QuarterYear ended December 31, 2006Rental revenues
    
    $
    110,004
    
    
    $
    115,722
    
    
    $
    113,739
    
    
    $
    109,055Net income
    
    
    60,006
    
    
    
    93,954
    
    
    
    92,605
    
    
    
    85,715Net income per limited partnership unit
    
    
    0.36
    
    
    
    0.56
    
    
    
    0.55
    
    
    
    0.52Year ended December 31, 2005Rental revenues
    
    $
    107,923
    
    
    $
    116,001
    
    
    $
    117,490
    
    
    $
    116,613Net income
    
    
    60,089
    
    
    
    93,728
    
    
    
    94,353
    
    
    
    94,682Net income per limited partnership unit
    
    
    0.36
    
    
    
    0.56
    
    
    
    0.56
    
    
    
    0.57
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DEL TACO INCOME PROPERTIES IV  NOTES TO FINANCIAL STATEMENTS - CONTINUED
 NOTE 9  PAYABLE TO LIMITED PARTNERS
  NOTE 10  ACQUISITION OF GENERAL PARTNER
  19




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Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
  
 Item 9A. Controls and Procedures
 (a)
    
    Evaluation of disclosure controls and procedures:
  (b)
    
    Changes in internal controls:
  
 Item 9B. Other Information
  
 PART III
 
 Item 10. Directors and Executive Officers
  Name
    
    Title
    
    AgeShirlene Lopez
    
    President
    
    
    42C. Ronald Petty
    
    President of Development
    
    
    62James D. Stoops
    
    Executive Vice President, Operations
    
    
    54Janet D. Erickson
    
    Executive Vice President, Purchasing
    
    
    50Steven L. Brake
    
    Treasurer
    
    
    34
  (c)
    
    None(d)
    
    No family relationship exists between any such officer of the General Partner.(e)
    
    The following is an account of the business experience during the past five years of each
such officer:
 20




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Shirlene Lopez
 C. Ronald Petty
 James D. Stoops
 Janet D. Erickson
 Steven L. Brake
   21




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Item 11. Executive Compensation
  
 Item 12.
    
    Security Ownership of Certain Beneficial Owners and Management and Related Security
Holder Matters
 (a)
    
    No person of record currently owns more than five percent of limited partnership units of the
Partnership, nor was any person known of by the Partnership to own of record and beneficially,
or beneficially only, more than five percent of such securities.(b)
    
    Neither Del Taco LLC, nor any executive officer or director of Del Taco LLC, owns any
limited partnership units of the Partnership.(c)
    
    The Partnership knows of no contractual arrangements, the operation or the terms of which may
at a subsequent date result in a change in control of the Partnership, except for provisions
in the partnership agreement providing for removal of the General Partner by holders of a
majority of the limited partnership units and if a material event of default occurs under the
financing agreements of the General Partner.
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Item 13. Certain Relationships and Related Transactions
 (a)
    
    No transactions have occurred between the Partnership and any executive officer or director
of its General Partner.During 2006, the following transactions occurred between the Partnership and the General
Partner pursuant to the terms of the partnership agreement.
 (1)
    
    The General Partner earned $3,323 as its one percent share of the net income of
the Partnership.(2)
    
    The General Partner received $3,973 in distributions relating to its one percent
interest in the Partnership.
 (b)
    
    During 2006, the Partnership had no business relationships with any entity of a type required
to be reported under this item.(c)
    
    Neither the General Partner, any director or officer of the General Partner, or any associate
of any such person, was indebted to the Partnership at any time during 2006 for any amount.(d)
    
    Not applicable.
 
 Item 14. Principal Accountant Fees and Services
  Squar Milner
    
    
    KPMG LLP2006
    
    
    2005
    
    
    2005Audit
Fees
    
    $
    14,580
    
    
    $
    1,080
    
    
    $
    12,131Audit-Related
Fees
    
    
    0
    
    
    
    0
    
    
    
    0Tax Fees
    
    
    0
    
    
    
    0
    
    
    
    11,250All Other Fees
    
    
    0
    
    
    
    0
    
    
    
    0Total
    
    $
    14,580
    
    
    $
    1,080
    
    
    $
    23,381
  23




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PART IV
 
 Item 15. Exhibits, Financial Statements Schedules, and Reports on Form 8-K
 (a)(1)
    
    Financial StatementsIncluded in Part II of this report:Report of Independent Registered Public Accounting Firm 
Squar, Milner, Peterson, Miranda & Williamson, LLP
Report of Independent Registered Public Accounting Firm  KPMG LLP
Balance Sheets
Statements of Income
Statements of Partners Equity
Statements of Cash Flows
Notes to Financial Statements(a)(2)
    
    Financial Statement SchedulesSchedule III  Real Estate and Accumulated DepreciationFinancial statement schedules other than those referred to above have been omitted because
they are not applicable or not required.(b)
    
    Reports on Form 8-KDuring the three months ended December 31, 2006, the following report on Form 8-K was
filed:Form 8-K dated November 30, 2006 was filed regarding the merger of Squar, Milner, Miranda &
Williamson, LLP with Peterson & Co. LLP. The name of the post-merger firm is Squar,
Milner, Peterson, Miranda & Williamson, LLP.(c)
    
    Exhibits required by Item 601 of Regulation S-K:
 1.
    
    Incorporated herein by reference, Restated Agreement of Limited Partnership of
Del Taco Income Properties IV filed as Exhibit 3.01 to Partnerships Registration
Statement on Form S-11 as filed with the Securities and Exchange Commission on June 5,
1987.2.
    
    Incorporated herein by reference, Amendment to Restated Agreement of Limited
Partnership of Del Taco Income Properties IV.3.
    
    Incorporated herein by reference, Form of Standard Lease to be entered into by
Partnership and Del Taco, Inc., as lessee, filed as Exhibit 10.02 to Partnerships
Registration Statement on Form S-11 as filed with the Securities and Exchange Commission
on June 5, 1987.31.1
    
    Shirlene Lopezs Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Steven L. Brakes Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 24




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##### Table of Contents



DEL TACO INCOME PROPERTIES IV  SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION
DECEMBER 31, 2006
 Cost capitalized
    
    Gross amount atInitial cost
    
    subsequent to
    
    which carried atto company
    
    acquisition
    
    close of period
    
    
    
    
    
    
    
    
    
    
    
    
    
    Life on whichLand
    
    Buildings &
    
    
    
    Land, buildings &
    
    
    
    
    
    
    
    
    
    
    
    
    
    depreciation in latestDescription
    
    
    
    
    
    & land
    
    Improve-
    
    Carrying
    
    improvements
    
    Accumulated
    
    Date of
    
    Date
    
    income statement(All Restaurants)
    
    Encumbrances
    
    improvements
    
    ments
    
    costs
    
    Total
    
    depreciation
    
    construction
    
    acquired
    
    is computedPlacentia, CA
    
    $
    
    
    
    $
    465,933
    
    
    $
    485,961
    
    
    $
    
    
    
    $
    951,894
    
    
    $
    350,744
    
    
    
    1988
    
    
    
    1988
    
    
    20 (LI), 35 (BI)Lake Elsinore, CA
    
    
    
    
    
    
    449,058
    
    
    
    468,361
    
    
    
    
    
    
    
    917,419
    
    
    
    338,043
    
    
    
    1989
    
    
    
    1989
    
    
    20 (LI), 35 (BI)San Bernardino, CA
    
    
    
    
    
    
    321,709
    
    
    
    335,538
    
    
    
    
    
    
    
    657,247
    
    
    
    242,162
    
    
    
    1989
    
    
    
    1989
    
    
    20 (LI), 35 (BI)$
    
    
    
    $
    1,236,700
    
    
    $
    1,289,860
    
    
    $
    
    
    
    $
    2,526,560
    
    
    $
    930,949
 AccumulatedRestaurants
    
    DepreciationBalances at December 31, 2003:
    
    $
    2,526,560
    
    
    $
    765,145Additions
    
    
    
    
    
    
    55,268Retirements
    
    
    
    
    
    
    Balances at December 31, 2004:
    
    
    2,526,560
    
    
    
    820,413Additions
    
    
    
    
    
    
    55,268Retirements
    
    
    
    
    
    
    Balances at December 31, 2005:
    
    
    2,526,560
    
    
    
    875,681Additions
    
    
    
    
    
    
    55,268Retirements
    
    
    
    
    
    
    Balances at December 31, 2006:
    
    $
    2,526,560
    
    
    $
    930,949
   25




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##### Table of Contents



SIGNATURES
  DEL TACO INCOME PROPERTIES IV
a California limited partnership
Del Taco LLC
General PartnerDate March 23, 2007
    Shirlene LopezShirlene LopezPresidentDate March 23, 2007
    C. Ronald PettyC. Ronald PettyPresident of DevelopmentDate March 23, 2007
    Steven L. BrakeSteven L. BrakeTreasurer 26




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##### Table of Contents



EXHIBIT INDEX
 Exhibit
    
    Description1.
    
    Incorporated herein by reference, Restated Agreement of Limited Partnership of
Del Taco Income Properties IV filed as Exhibit 3.01 to Partnerships Registration
Statement on Form S-11 as filed with the Securities and Exchange Commission on June 5,
1987.2.
    
    Incorporated herein by reference, Amendment to Restated Agreement of Limited
Partnership of Del Taco Income Properties IV.3.
    
    Incorporated herein by reference, Form of Standard Lease to be entered into by
Partnership and Del Taco, Inc., as lessee, filed as Exhibit 10.02 to Partnerships
Registration Statement on Form S-11 as filed with the Securities and Exchange Commission
on June 5, 1987.31.1
    
    Shirlene Lopezs Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200231.2
    
    Steven L. Brakes Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 200232.1
    
    Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 27