Have you soaked the nut and threads in PB Blaster or another of your favorite penetrating lubricants? After that has had time to work and has been repeated a time or two, have a helper insert an appropriate tool/device/flat thing into the through hull opening from the outside so it will be less likely to rotate when you work on the inside where the nut is located.
The "tapping" with a hammer and a chisel might be the best choice because the nut is depressed in a difficult to reach area. Note: Even happy music might not make it less depressed.
An oscillating tool with a metal cutting blade might work in two ways......(1) carefully enlarge the "liner" or pan that is around the nut (dust mask and goggles required) and use one of your tools to turn the nut OR (2) carefully cut the nut. After one relief cut the nut might move. It will definitely move after two or three cuts! Avoid the threads unless you plan to replace the through hull.