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If you don't want to process the tax on your own using paper and pencil, $500 for an annual service is about what you will have to pay
You can do this for free by filling out the tax forms yourself
There are no online accounts through the IRS or state agencies that will help you with Schedule H
You could, however, ask local bookkeepers what they would charge to take care of the taxes for you - they may be willing to do this for less than $500 per year.
It's not a time consuming task if you know what you are doing
What forms do I need to do for federal and state? the income is approx. 2000/mo
Based on that income, it does make sense to pay the $500 annually to get the taxes done. It is very time consuming if you do not know what you are doing, yet very easy if you do know what you are doing
You need schedule H
And you will need to fill out form W-2 and W-3 at the end of the year
what else? what is schedule H state fed?
Yes, its federal
for state, you will need to register and pay unemployment tax/insurance
and income tax
There's another good resource that outlines everything you need to do as well
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