// after .NET 4.0
using (var fileStream = File.Create("C:\\Path\\To\\File"))
{
    myOtherObject.InputStream.Seek(0, SeekOrigin.Begin);
    myOtherObject.InputStream.CopyTo(fileStream);
}

// before .NET 4.0
public static void CopyStream(Stream input, Stream output)
{
    byte[] buffer = new byte[8 * 1024];
    int len;
    while ( (len = input.Read(buffer, 0, buffer.Length)) > 0)
    {
        output.Write(buffer, 0, len);
    }

    // streams are not closed
}