Common use of Audit Activity Clause in Contracts

Audit Activity. Each of U S WEST and New U S WEST will coordinate its respective efforts with respect to audits of Combined Returns of any Pre-Separation Taxable Period and any Straddle Period and will furnish the other with all necessary workpapers and records to respond to audit inquiries. New U S WEST will be responsible as agent for any Combined Return for day-to-day contact with state Tax Authorities regarding such audits. U S WEST will be responsible for responding to audit inquiries regarding issues primarily affecting Tax Liabilities of the MediaOne Group, but will act through New U S WEST, rather than directly contacting the appropriate Tax Authorities with respect to such matters.

Audit Activity. Each of U S WEST and New U S WEST will coordinate its respective efforts with respect to audits of Combined Returns of any Pre-Separation Taxable Period and any Straddle Period and will furnish the other with all necessary workpapers and records to respond to audit inquiries. New U S WEST will be responsible as agent for any Combined Return the U S WEST Consolidated Group for day-to-day contact with state Tax Authorities regarding IRS agents assigned to such audits. U S WEST will be responsible for responding to audit inquiries regarding issues primarily affecting Tax Liabilities of the MediaOne Group, but will act through New U S WEST, rather than directly contacting the appropriate Tax Authorities IRS with respect to such matters.