The penalty for late filing of court relations financial forms can vary depending on the jurisdiction and specific rules of the court. In some cases, there may be a monetary fine imposed on the party who filed the forms late. Additionally, the court may also take into consideration the delay in processing the case and may adjust deadlines or impose sanctions on the party responsible for the delay. It's important to consult with a legal professional or review the specific rules and guidelines of the relevant court to understand the exact penalties for late filing in a particular situation.