Common use of Internal Revenue Service Forms Clause in Contracts

Internal Revenue Service Forms. U S WEST and New U S WEST agree that pursuant to the "Alternative Procedure" provided in Section 5 of Revenue Procedure 96-60, 1996-53, I.R.B. 24, with respect to preparing, filing and furnishing the Internal Revenue Service Forms W-2, W-3, 941 and W-5, (i) U S WEST and New U S WEST shall report on a "predecessor-successor" basis as set forth therein, (ii) U S WEST shall be relieved from furnishing Forms W-2 to the New U S WEST Employees and (iii) New U S WEST shall assume the obligations of U S WEST to furnish such forms to the New U S WEST Employees for the full 1998 calendar year.