content: <HTML>
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  <TITLE>Form 8-K
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  <p align=center><b>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION<br>
  WASHINGTON, D.C. 20549</b></p>
  
  <hr size=1 width=20% align=center>
  
  <p align=center><b>FORM 8-K</b></p>
  
  <hr size=1 width=20% align=center>
  
  <p align=center><b>CURRENT REPORT<Br>
  PURSUANT TO SECTION 13 OR 15(d) OF<Br>
  THE SECURITIES EXCHANGE ACT OF 1934</b></p>
  
  <p align=center>Date of Report (Date of Earliest Event Reported): May 23, 2002</p>
  
  <p align=center><b>NTS-PROPERTIES IV, LTD.</b><Br>
  <i>(Exact name of registrant as specified in its charter)</i></p>
  
  <p align=center><b>KENTUCKY</b><Br>
  <i>(State or other jurisdiction incorporation)</i></p>
  
  <table width=100%>
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  <td width=45%></td><td width=5%></td><td width=45%></td></tr>
  <tr>
  <td align=center>0-11655</td><td></td><td align=center>61-1026356</td></tr>
  <tr>
  <td align=center><hr size=1></td><td></td><td align=center><hr size=1></td></tr>
  <tr>
  <td align=center><i>(Commission File Number)</i></td><td></td><td align=center><i>(I.R.S. Employer Identification No.)</i></td></tr>
  </table>
  
  <p align=center>10172 Linn Station Road, Louisville, Kentucky 40223<Br>
  <i>(Address of principal executive offices)</i></p>
  
  <p align=center>Registrant's telephone number, including area code:(502) 426-4800</p>
  
  <Page>
  
  
  
  <p><b>Item 4 - Changes in Registrant's Certifying Accountant</b></p>
  
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp; The General Partner of NTS-Properties IV, Ltd., annually considers the selection of the
  registrant's independent public accountants. On May 23, 2002, the General Partner decided to
  dismiss Arthur Andersen LLP ("Andersen") as the registrant's independent public accountants and
  engaged Ernst &amp; Young LLP to serve as the registrant's independent public accountants for 2002.</p>
  
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp; Andersen's reports on NTS-Properties IV's financial statements for the past two years
  did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as
  to uncertainty, audit scope or accounting principles. Andersen's report on NTS-Properties IV's
  financial statements for 2001 was issued on April 1, 2002, containing an unqualified opinion in
  conjunction with the publication of NTS-Properties IV's Annual Report to Shareholders and the
  filing of NTS-Properties IV's Annual Report on Form 10-K.</p>
  
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp; During NTS-Properties IV's two most recent fiscal years and through the date of this
  Form 8-K, there were no disagreements with Andersen on any matter of accounting principles or
  practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to
  Andersen's satisfaction, would have caused them to make reference to the subject matter in
  connection with their report on NTS-Properties IV's financial statements for such years; and there
  were no reportable events, as listed in Item 304 (a)(1)(v) of Regulation S-K.</p>
  
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp; NTS-Properties IV provided Andersen with a copy of the foregoing disclosures. Attached
  as Exhibit 16.1 is a copy of Andersen's letter, dated May 24, 2002, stating its agreement with such
  statements.</p>
  
  <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp; During NTS-Properties IV's two most recent fiscal years and through the date of this
  Form 8-K, NTS-Properties IV did not consult Ernst &amp; Young LLP with respect to the application
  of accounting principles to a specified transaction, either completed or proposed, or the type of audit
  opinion that might be rendered on NTS-Properties IV's financial statements, or any other matters
  or reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K.</p>
  
  
  
  <Page>
  
  
  
  <p><b>Item 7 - Exhibits</b></p>
  
  <p>The following exhibits are filed with this document.</p>
  
  <table width=100%>
  <tr>
  <td width=10%></td>
  <td width=10%></td>
  <td width=80%></td></tr>
  <tr>
  <td><b>Exhibit</b></td><td></td><td></td></tr>
  <tr>
  <td><b><u>Number</u></b></td><td></td><td><b><u>Description</u></b></td></tr>
  <tr>
  <td></td><td></td><td></td></tr>
  <tr>
  <td>16.1</td><td></td><td>Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated
  May 24, 2002.</td></tr>
  <tr>
  <td></td><td></td><td></td></tr>
  <tr>
  <td>99.1</td><td></td><td>Press Release dated May 29, 2002.</td></tr>
  </table>
  
  
  
  <Page>
  
  
  
  <p align=center><b>SIGNATURES</b></p>
  
  <p>Pursuant to the requirements 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.</p>
  
  
  <table width=40%>
  <tr>
  <td colspan=4 align=center>NTS-PROPERTIES IV, LTD.</td></tr>
  <tr>
  <td colspan=4><hr size=1></td></tr>
  <tr>
  <td width=1%></td>
  <td width=1%></td>
  <td width=37%></td>
  <td width=1%></td></tr>
  <tr>
  <td>By:</td><td></td><td>NTS-Properties Associates IV,</td></tr>
  <tr>
  <td></td><td></td><td>General Partner</td></tr>
  <tr>
  <td></td><td></td><td>By:&nbsp;&nbsp;&nbsp;&nbsp;NTS Capital Corporation,</td></tr>
  <tr>
  <td></td><td></td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Partner</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  </TABLE>
  
  
  <TABLE width=40%>
  <tr>
  <td>/s/ Gregory A. Wells</td></tr>
  <tr>
  <td><hr size=1></td></tr>
  <tr>
  <td>Gregory A. Wells</td></tr>
  <tr>
  <td>Senior Vice President and</td></tr>
  <tr>
  <td>Chief Financial Officer of</td></tr>
  <tr>
  <td>NTS Capital Corporation</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  <tr>
  <td>&nbsp;</td></tr>
  <tr>
  <td>Date: May 29, 2002</td></tr>
  </TABLE>
  
  
  
  <Page>
  
  
  
  <p align=center><b><u>Exhibit Index</u></b></p>
  
  
  <table width=100%>
  <tr>
  <td width=10%></td>
  <td width=10%></td>
  <td width=80%></td></tr>
  
  <tr>
  <td><b>Exhibit</b></td><td></td><td></td></tr>
  <tr>
  <td><b><u>Number</u></b></td><td></td><td><b><u>Description</u></b></td></tr>
  <tr>
  <td></td><td></td><td></td></tr>
  <tr>
  <td>16.1</td><td></td><td>Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated
  May 24, 2002.</td></tr>
  <tr>
  <td></td><td></td><td></td></tr>
  <tr>
  <td>99.1</td><td></td><td>Press Release dated May 29, 2002.</td></tr>
  </table>
  
  
  
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metadata_filer: {"company-data": {"conformed-name": "NTS PROPERTIES IV", "cik": "0000719589", "assigned-sic": "6500", "irs-number": "611026356", "state-of-incorporation": "KY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11655", "film-number": "02664936"}, "business-address": {"street1": "10172 LINN STATION ROAD", "street2": "SUITE 200", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "502-426-4800"}, "mail-address": {"street1": "10172 LINN STATION ROAD", "street2": "SUITE 200", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
text: Form 8-K
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  PURSUANT TO SECTION 13 OR 15(d) OF
  THE SECURITIES EXCHANGE ACT OF 1934
  Date of Report (Date of Earliest Event Reported): May 23, 2002
  NTS-PROPERTIES IV, LTD.
  (Exact name of registrant as specified in its charter)
  KENTUCKY
  (State or other jurisdiction incorporation)
  0-11655
  61-1026356
  (Commission File Number)
  (I.R.S. Employer Identification No.)
  10172 Linn Station Road, Louisville, Kentucky 40223
  (Address of principal executive offices)
  Registrant's telephone number, including area code:(502) 426-4800
  Item 4 - Changes in Registrant's Certifying Accountant
  (a)  The General Partner of NTS-Properties IV, Ltd., annually considers the selection of the
  registrant's independent public accountants. On May 23, 2002, the General Partner decided to
  dismiss Arthur Andersen LLP ("Andersen") as the registrant's independent public accountants and
  engaged Ernst & Young LLP to serve as the registrant's independent public accountants for 2002.
  (b)  Andersen's reports on NTS-Properties IV's financial statements for the past two years
  did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as
  to uncertainty, audit scope or accounting principles. Andersen's report on NTS-Properties IV's
  financial statements for 2001 was issued on April 1, 2002, containing an unqualified opinion in
  conjunction with the publication of NTS-Properties IV's Annual Report to Shareholders and the
  filing of NTS-Properties IV's Annual Report on Form 10-K.
  (c)  During NTS-Properties IV's two most recent fiscal years and through the date of this
  Form 8-K, there were no disagreements with Andersen on any matter of accounting principles or
  practices, financial statement disclosure, or auditing scope or procedure which, if not resolved to
  Andersen's satisfaction, would have caused them to make reference to the subject matter in
  connection with their report on NTS-Properties IV's financial statements for such years; and there
  were no reportable events, as listed in Item 304 (a)(1)(v) of Regulation S-K.
  (d)  NTS-Properties IV provided Andersen with a copy of the foregoing disclosures. Attached
  as Exhibit 16.1 is a copy of Andersen's letter, dated May 24, 2002, stating its agreement with such
  statements.
  (e)  During NTS-Properties IV's two most recent fiscal years and through the date of this
  Form 8-K, NTS-Properties IV did not consult Ernst & Young LLP with respect to the application
  of accounting principles to a specified transaction, either completed or proposed, or the type of audit
  opinion that might be rendered on NTS-Properties IV's financial statements, or any other matters
  or reportable events listed in Items 304(a)(2)(i) and (ii) of Regulation S-K.
  Item 7 - Exhibits
  The following exhibits are filed with this document.
  Exhibit
  Number
  Description
  16.1
  Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated
  May 24, 2002.
  99.1
  Press Release dated May 29, 2002.
  SIGNATURES
  Pursuant to the requirements 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.
  NTS-PROPERTIES IV, LTD.
  By:
  NTS-Properties Associates IV,
  General Partner
  By:    NTS Capital Corporation,
  General Partner
  /s/ Gregory A. Wells
  Gregory A. Wells
  Senior Vice President and
  Chief Financial Officer of
  NTS Capital Corporation
  Date: May 29, 2002
  Exhibit Index
  Exhibit
  Number
  Description
  16.1
  Letter from Arthur Andersen LLP to the Securities and Exchange Commission dated
  May 24, 2002.
  99.1
  Press Release dated May 29, 2002.