Because of the new three-year limit, the beleaguered IRSwants to start auditing more gift tax returns.

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He has made a start by auditing his electrical appliances and gadgets.

ECONOMIST: The much-talked-of smart grid prepares to enter the home

The fun will really start once the IRS begins auditing 2010 corporate returns with Schedule UTPs.

FORBES: Will The 2010 Schedule UTP Provide The IRS 20/20 Hindsight For Prior Tax Years Currently Under Audit?