§ 5. Reports. 1. Every corporation having an officer, agent or\nrepresentative within the city, shall annually on or before March\nfifteenth transmit to the director of finance a report in a form\nprescribed by him (except that a corporation which reports on the basis\nof a fiscal year shall transmit its report within two and one-half\nmonths after the close of its fiscal year), setting forth such\ninformation as the director of finance may prescribe and every taxpayer\nwhich ceases to do business in the city or to be subject to the tax\nimposed by this part shall transmit to the director of finance a report\non the date of such cessation or at such other time as he may require\ncovering each year or period for which no report was theretofore filed.\nEvery taxpayer shall also transmit such other reports and such facts and\ninformation as the director of finance may require in the administration\nof this part. The director of finance may grant a reasonable extension\nof time for filing reports whenever good cause exists.\n With respect to taxable years ending prior to December thirty-first,\nnineteen hundred sixty-six, the returns required to be made and filed\npursuant to this section shall be made and filed on or before the\nfifteenth day of the third month following the close of such taxable\nyear or the sixtieth day following the date this title becomes\neffective, whichever is later.\n An automatic extension of three months for the filing of its annual\nreport shall be allowed any taxpayer if, within the time prescribed by\neither of the preceding paragraphs, whichever is applicable, such\ntaxpayer files with the director of finance an application for extension\nin such form as he may prescribe by regulation and pays on or before the\ndate of such filing the amount properly estimated as its tax.\n 2. Every report shall have annexed thereto a certification by the\npresident, vice-president, treasurer, assistant treasurer, chief\naccounting officer or any other officer of the taxpayer duly authorized\nso to act to the effect that the statements contained therein are true.\nThe fact that an individual's name is signed on a certification of the\nreport shall be prima facie evidence that such individual is authorized\nto sign and certify the report on behalf of the corporation. Blank forms\nof reports shall be furnished by the director of finance, on\napplication, but failure to secure such a blank shall not release any\ncorporation from the obligation of making any report required by this\npart.\n 3. If the amount of taxable income for any year of any taxpayer, or of\nany shareholder of any taxpayer, which has elected to be taxed under\nsubchapter s of chapter one of the internal revenue code, as returned to\nthe United States treasury department is changed or corrected by the\ncommissioner of internal revenue or other officer of the United States\nor other competent authority, or where a renegotiation of a contract or\nsubcontract with the United States results in a change in taxable\nincome, or where a recovery of a war loss results in a computation or\nrecomputation of any tax imposed by the United States, or if a taxpayer\nor such shareholder of a taxpayer, pursuant to subsection (d) of section\nsixty-two hundred thirteen of the internal revenue code, executes a\nnotice of waiver of the restrictions provided in subsection (a) of said\nsection, such taxpayer shall report such changed or corrected taxable\nincome, or the results of such renegotiation, or such computation or\nrecomputation, or such execution of such notice of waiver and the\nchanges or corrections of his federal taxable income on which it is\nbased, within ninety days after such execution or the final\ndetermination of such change or correction or renegotiation, or such\ncomputation, or recomputation or on its next report under this part, or\nas required by the director of finance, and shall concede the accuracy\nof such determination or state wherein it
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