The Internal Revenue Service is currently auditing six to eight solid-waste transactions with a total par amount of $100 million of bonds still outstanding that involve Houston-based Waste Management Inc. or its subsidiaries, a company official said yesterday.

But there is no reason to believe that there are compliance problems with tax requirements in any of the transactions, which appear to be part of an IRS initiative to examine solid-waste bonds across the country, said David LaPaul, assistant treasurer at Waste Management. The IRS has already closed audits of two to four other deals involving Waste Management without taking any action, LaPaul said.

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