If, after about 1/2 hour of trying the cover nut just wont come out, give up. It's not worth destroying your impact wrench or retainer wrench. Instead, grad your drill and a sharp 1/4" drill bit and drill 4 holes, as shown. Try to drill the hole in a way as so you are very close to hitting the threads of the housing but don't. Once you have all three holes drilled, grab a good chisel and a dead blow hammer and crack the cover nut at all 4 drilled holes. Remove the cover nut in pieces.
Remove the stainless locking tab washer and toss it in the trash. Always use a new cover nut and a new tab washer when assembling the drive. [links]