by this section and may impose such obligations on financial institutions, business entities, or other persons, including requiring business entities to provide estimates of the value of the entity itself. 2905. Enforcement The Secretary shall annually audit not less than 30 percent of taxpayers required to pay the tax imposed under this chapter. . (b) No deduction from income taxes Section 275 of such Code is amended by inserting after paragraph (6) the following new paragraph: (7) Taxes imposed by chapter 18. . (c) Extension of time for payment of tax (1) In general Section 6161(a) of such Code is amended by adding at the end the following new paragraph: (3) Wealth tax (A) In general In the case of an applicable taxpayer described in subparagraph (B), the Secretary may extend the time for payment of the tax imposed under chapter 18 for a reasonable period not to exceed 5 years from the date fixed for the payment thereof. (B) Taxpayers described An applicable taxpayer is described in this subparagraph if such the Secretary determines— (i) the applicable taxpayer has severe liquidity constraints, or (ii) immediate payment would cause undue hardship on an ongoing enterprise. (C) Applicable taxpayer For purposes of this paragraph, the term applicable taxpayer has the meaning given such term in section 2901. . (2) Rules Not later than 12 months after the date of the enactment of this Act, the Secretary of the Treasury (or the Secretary's delegate) shall establish rules for the application of the amendments made by paragraph (1). (d) Application of accuracy related penalties (1) In general Section 6662(b) of such Code is amended by adding at the end the following new paragraph: (10) Any substantial wealth tax valuation understatement. . (2) Substantial wealth tax understatement Section 6662 of such Code is amended by adding at the end the following new subsection: (m) Application to substantial wealth tax valuation understatement (1) Substantial wealth tax valuation understatement defined (A) In general For purposes