Actually you can do nearly anything that can generate a true/false condition.. You often use () to set up which goes with which comparison..
Try this:
IF NOT EXISTS ( SELECT 'X' FROM dbo.SomeTable WHERE SomeField = SomeValue )
AND NOT EXISTS ( SELECT 'X' FROM dbo.SomeOtherTable WHERE SomeField = SomeValue )
BEGIN
-- Do some work here that you want to do
END
Its a little pseudo codish but I think it shows what you are asking for..
Or you can mix it up some..
IF NOT EXISTS ( SELECT 'X' FROM dbo.SomeTable WHERE SomeField = SomeValue )
AND @SomeVariable IS NOT NULL
BEGIN
-- Do some work here that you want to do
END
CEWII