content: 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 24, 1996  (May 24, 1996)
  
  Commission File Number                        0-11655
  
                                NTS-PROPERTIES IV
              (Exact name of registrant as specified in its charter)
  
           Kentucky                                  61-1026356
  (State or other jurisdiction of          (I.R.S. Employer Identification
  incorporation or organization)           No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                40223
  (Address of principal executive                     (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                (502) 426-4800
  
                                Not Applicable
             Former name, former address and former fiscal year,
                         if changed since last report
  
  
  
  
  <PAGE>
  
  
  
  Item 5.      Other Items
  
               As of May  24,  1996,  NTS-Properties  IV (the  "Partnership")  has
               elected to fund an  additional  amount of $277,620 to its  Interest
               Repurchase  Reserve for the second  quarter of 1996.  The  Interest
               Repurchase  Reserve  was  originally  established  February 1, 1996
               pursuant to Section 16.4 of the Partnership's  Amended and Restated
               Agreement  of  Limited   Partnership.   With  this   funding,   the
               Partnership  will  be able  to  purchase  up to  1,850  Units  at a
               currently  contemplated  price of $150 per  Unit.  The  Partnership
               intends to notify the limited partners of the additional funding to
               the Interest Repurchase Reserve and the opportunity to request that
               the Partnership repurchase Units at the established price by letter
               dated May 24, 1996,  a copy of which is attached  hereto and made a
               part thereof.
  
  
  
  <PAGE>
  
  
  
  May 24, 1996
  
  Dear NTS-Properties IV Investor:
  
  On  February  1, 1996,  the  Partnership  announced  the  funding of an Interest
  Repurchase  Reserve of $297,450  under  which the  Partnership  repurchased  and
  retired  1,983  Units  of the  Partnership  at a price  of $150  per  Unit.  The
  Partnership received repurchase requests well in excess of the 1,983 Units.
  
  The  Partnership  has  elected to fund an  additional  amount of $277,620 to the
  Interest Repurchase Reserve for the second quarter 1996. With this funding,  the
  Partnership will be able to PURCHASE UP TO 1,850 ADDITIONAL UNITS AT A CURRENTLY
  CONTEMPLATED  PRICE OF $150 PER UNIT  from  investors  who sign and  return  the
  Repurchase Request form attached to this letter.
  
  Units will be  repurchased  on a  "first-come,  first  served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase again exceeds that which can be repurchased by the Partnership, those
  additional Units may be repurchased in subsequent quarters.  The Partnership may
  at the  discretion  of the  General  Partner  continue to set aside funds in the
  Interest Repurchase Reserve.
  
  The above offering price per Unit was  established by the General Partner in its
  sole  discretion,  and does not purport to  represent  the fair market  value or
  liquidation  value of a Unit.  The General  Partner  believes that this purchase
  price represents a substantial discount from the value of each Unit and strongly
  recommends to the investors that Units be held and not sold.  However,  there is
  no  guarantee  of the amount that  limited  partners who choose not to sell will
  receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the  enclosed  Repurchase  Request  form,  as  instructed.  Upon
  receipt of your  Repurchase  Request,  we will provide your with the appropriate
  transfer form and instructions.  NO TRANSFER FEES OR COMMISSIONS WILL BE CHARGED
  FOR THE REPURCHASE.
  
  You may obtain further information on the Interest Repurchase Reserve by calling
  our Investor Services at (303) 705-6196.
  
  
  
  
  
  
  <PAGE>
  
  
  
                                 REPURCHASE REQUEST
  
                          For Limited Partnership Units in
  
                                  NTS-PROPERTIES IV
  
  
  
  Date:__________________
  
  
  I request that NTS-Properties IV repurchase my limited  partnership  interest(s)
  ("Units")  at the price of $150 per Unit,  as described in the letter to me from
  NTS-Properties Associates IV dated May 24, 1996 to which this Repurchase Request
  is attached. AS A CONDITION TO REPURCHASE,  I UNDERSTAND THAT I HEREBY WAIVE THE
  PROVISIONS  OF SECTION  16.4 OF THE AMENDED AND  RESTATED  AGREEMENT  OF LIMITED
  PARTNERSHIP OF  NTS-PROPERTIES IV (THE  "PARTNERSHIP  AGREEMENT")  REGARDING THE
  PRICE  AND  TERMS  OF  REPURCHASE  OF  UNITS,  AND  FULLY  AND  FINALLY  RELEASE
  NTS-PROPERTIES  IV AND ITS  GENERAL  PARTNER  FROM ANY AND ALL KNOWN OR  UNKNOWN
  CLAIMS,  LIABILITY  AND ACTIONS,  WHETHER  ARISING  UNDER OR  PERTAINING  TO THE
  OFFERING OR PROSPECTUS  FOR NTS-  PROPERTIES  IV, THE  PARTNERSHIP  AGREEMENT OR
  OTHERWISE.  I WILL REAFFIRM MY WAIVER AND RELEASE UPON EXECUTION OF THE TRANSFER
  DOCUMENTS. PLEASE SEND ME THE APPROPRIATE TRANSFER DOCUMENTS.
  
  I own ________ Units of NTS-Properties  IV. I have read and fully understand the
  foregoing.
  
  [Each owner of the Limited Partner Units must sign below.]
  
  
  
  - -----------------------------------         -----------------------------------
  Signature of Limited Partner                Signature of Limited Partner
  
  
  
  - ------------------------------------        -----------------------------------
  Printed Name                                Printed Name
  
  
  
  Once completed, forward this form to:          NTS-Properties IV
                                                 c/o Gemisys Corporation
                                                 7103 S. Revere Parkway
                                                 Englewood, CO 80112
  
  
  
  
  
  <PAGE>
  
  
                                     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
                                                (Registrant)
  
                                      BY:    NTS-Properties Associates IV
                                             BY:   NTS Capital Corporation,
                                                   General Partner
  
  
                                                   /s/ Gregory A. Compton
                                                   Gregory A. Compton
                                                   Senior Vice President/Secretary
  
  
  
  
  Date:       May 24, 1996
  
  
  
  
  <PAGE>
metadata_documents: [{"type": "8-K", "sequence": "1", "description": "FORM 8-K DATED MAY 21, 1996", "secsgml_size_bytes": 7179}]
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": "96571983"}, "business-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223", "phone": "5024264800"}, "mail-address": {"street1": "10172 LINN STATION RD", "city": "LOUISVILLE", "state": "KY", "zip": "40223"}}
text: 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 24, 1996  (May 24, 1996)
  
  Commission File Number                        0-11655
  
                                NTS-PROPERTIES IV
              (Exact name of registrant as specified in its charter)
  
           Kentucky                                  61-1026356
  (State or other jurisdiction of          (I.R.S. Employer Identification
  incorporation or organization)           No.)
  
     10172 Linn Station Road
     Louisville, Kentucky                                40223
  (Address of principal executive                     (Zip Code)
  offices)
  
  Registrant's telephone number,
  including area code                                (502) 426-4800
  
                                Not Applicable
             Former name, former address and former fiscal year,
                         if changed since last report
  Item 5.      Other Items
  
               As of May  24,  1996,  NTS-Properties  IV (the  "Partnership")  has
               elected to fund an  additional  amount of $277,620 to its  Interest
               Repurchase  Reserve for the second  quarter of 1996.  The  Interest
               Repurchase  Reserve  was  originally  established  February 1, 1996
               pursuant to Section 16.4 of the Partnership's  Amended and Restated
               Agreement  of  Limited   Partnership.   With  this   funding,   the
               Partnership  will  be able  to  purchase  up to  1,850  Units  at a
               currently  contemplated  price of $150 per  Unit.  The  Partnership
               intends to notify the limited partners of the additional funding to
               the Interest Repurchase Reserve and the opportunity to request that
               the Partnership repurchase Units at the established price by letter
               dated May 24, 1996,  a copy of which is attached  hereto and made a
               part thereof.
  May 24, 1996
  
  Dear NTS-Properties IV Investor:
  
  On  February  1, 1996,  the  Partnership  announced  the  funding of an Interest
  Repurchase  Reserve of $297,450  under  which the  Partnership  repurchased  and
  retired  1,983  Units  of the  Partnership  at a price  of $150  per  Unit.  The
  Partnership received repurchase requests well in excess of the 1,983 Units.
  
  The  Partnership  has  elected to fund an  additional  amount of $277,620 to the
  Interest Repurchase Reserve for the second quarter 1996. With this funding,  the
  Partnership will be able to PURCHASE UP TO 1,850 ADDITIONAL UNITS AT A CURRENTLY
  CONTEMPLATED  PRICE OF $150 PER UNIT  from  investors  who sign and  return  the
  Repurchase Request form attached to this letter.
  
  Units will be  repurchased  on a  "first-come,  first  served"  basis  until the
  Interest  Repurchase  Reserve is depleted.  If the number of Units submitted for
  repurchase again exceeds that which can be repurchased by the Partnership, those
  additional Units may be repurchased in subsequent quarters.  The Partnership may
  at the  discretion  of the  General  Partner  continue to set aside funds in the
  Interest Repurchase Reserve.
  
  The above offering price per Unit was  established by the General Partner in its
  sole  discretion,  and does not purport to  represent  the fair market  value or
  liquidation  value of a Unit.  The General  Partner  believes that this purchase
  price represents a substantial discount from the value of each Unit and strongly
  recommends to the investors that Units be held and not sold.  However,  there is
  no  guarantee  of the amount that  limited  partners who choose not to sell will
  receive upon the ultimate liquidation of the Partnership.
  
  If you are interested in the Partnership  repurchasing your Units,  please sign,
  date and return the  enclosed  Repurchase  Request  form,  as  instructed.  Upon
  receipt of your  Repurchase  Request,  we will provide your with the appropriate
  transfer form and instructions.  NO TRANSFER FEES OR COMMISSIONS WILL BE CHARGED
  FOR THE REPURCHASE.
  
  You may obtain further information on the Interest Repurchase Reserve by calling
  our Investor Services at (303) 705-6196.
  REPURCHASE REQUEST
  
                          For Limited Partnership Units in
  
                                  NTS-PROPERTIES IV
  
  Date:__________________
  
  I request that NTS-Properties IV repurchase my limited  partnership  interest(s)
  ("Units")  at the price of $150 per Unit,  as described in the letter to me from
  NTS-Properties Associates IV dated May 24, 1996 to which this Repurchase Request
  is attached. AS A CONDITION TO REPURCHASE,  I UNDERSTAND THAT I HEREBY WAIVE THE
  PROVISIONS  OF SECTION  16.4 OF THE AMENDED AND  RESTATED  AGREEMENT  OF LIMITED
  PARTNERSHIP OF  NTS-PROPERTIES IV (THE  "PARTNERSHIP  AGREEMENT")  REGARDING THE
  PRICE  AND  TERMS  OF  REPURCHASE  OF  UNITS,  AND  FULLY  AND  FINALLY  RELEASE
  NTS-PROPERTIES  IV AND ITS  GENERAL  PARTNER  FROM ANY AND ALL KNOWN OR  UNKNOWN
  CLAIMS,  LIABILITY  AND ACTIONS,  WHETHER  ARISING  UNDER OR  PERTAINING  TO THE
  OFFERING OR PROSPECTUS  FOR NTS-  PROPERTIES  IV, THE  PARTNERSHIP  AGREEMENT OR
  OTHERWISE.  I WILL REAFFIRM MY WAIVER AND RELEASE UPON EXECUTION OF THE TRANSFER
  DOCUMENTS. PLEASE SEND ME THE APPROPRIATE TRANSFER DOCUMENTS.
  
  I own ________ Units of NTS-Properties  IV. I have read and fully understand the
  foregoing.
  
  [Each owner of the Limited Partner Units must sign below.]
  
  - -----------------------------------         -----------------------------------
  Signature of Limited Partner                Signature of Limited Partner
  
  - ------------------------------------        -----------------------------------
  Printed Name                                Printed Name
  
  Once completed, forward this form to:          NTS-Properties IV
                                                 c/o Gemisys Corporation
                                                 7103 S. Revere Parkway
                                                 Englewood, CO 80112
  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
                                                (Registrant)
  
                                      BY:    NTS-Properties Associates IV
                                             BY:   NTS Capital Corporation,
                                                   General Partner
  
                                                   /s/ Gregory A. Compton
                                                   Gregory A. Compton
                                                   Senior Vice President/Secretary
  
  Date:       May 24, 1996