Enrolled Agent Exam [Part 3] 42, Revoking and Withdrawing an Authorization

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A taxpayer is the only one who can 'revoke' a power of attorney; a representative can only 'withdraw'. - Filing a new Form 2848 for the same tax matter automatically revokes a prior one unless a specific box is checked to retain the previous authorization. - A taxpayer can revoke a Power of Attorney by writing "REVOKE" on a copy of the form, signing it, and sending it to the IRS. - A representative must notify both the IRS and the taxpayer when they withdraw from representation. - When multiple representatives are involved, a new authorization can be used to selectively remove one representative while keeping others, but it requires careful documentation to avoid revoking everyone. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep