Taylor Swift, Justin Bieber, Demi Lovato

Axelle/Bauer-Griffin-FilmMagic| Kevin Mazur/WireImage| John Shearer / Contributor

Attention all music fans, this is going to be the show for you. 

The 2016 iHeartRadio Music Awards are almost here and all signs point to a star-studded evening where surprises will absolutely be on the agenda.

Hosted by Jason Derulo, the annual telecast held at The Forum in Inglewood, Calif., already has an impressive performance lineup. From Justin Bieber and Zayn Malik, to Demi Lovato and Iggy Azalea, the biggest names in Top 40 will take to the stage in hopes of impressing us at home.

In addition, all eyes may be on Taylor Swift and The Weeknd who lead the way with the most nominations of the night.

So what else can fans look forward to? We've got you covered with five big reasons to watch tonight starting at 8 p.m. EST on TNT, TBS and TruTV.

1. Power of the Fans: One award fans are eagerly waiting for is the "Best Fan Army" presented by Taco Bell. For several weeks, Swifties, Barbz, Harmonizers, Lovatics, Beliebers, Directioners, Selenators and more have been coming together on social media in hopes that their artist will win top prize. No matter who wins, everyone is going to be happy, right? Maybe not. Brace yourself Internet!

2. Texas Forever: Being in another state won't stop two big performances from happening. In a special simulcast, fans will be able to watch Maroon 5 and Pitbull perform from the March Madness Music Festival's Capital One Jam Fest. As for Fetty Wap, Chris Brown, Meghan Trainor and the rest of the artists performing, you'll watch them live from The Forum.

3. Double Duty: In addition to hosting this year's show, Jason is also pumped to perform his brand-new single "If It Ain't Love" live. "iHeartRadio has been such an important supporter of mine, and I'm thrilled and honored to be hosting this year's iHeartRadio Music Awards," Jason said in a statement. "It's going to be a great night of celebration and performance for music fans all across the country, and I couldn't be more excited to be a part of it."

4. And We're Live: Before watching your favorite artists take to the stage, we highly recommend tuning into Live From the Red Carpet where E! News' Jason Kennedy and Sibley Scoles will have a front-row seat to all the red carpet looks. In addition, you never know who will stop by for an unforgettable interview.

Taylor Swift, iHeartRadio Music Awards

Jason Merritt/Getty Images for iHeartMedia

5. Taylor's Big Night: The show hasn't even begun but Taylor Swift is already a big winner. iHeartRadio recently announced that the "New Romantics" singer will receive the first-ever "Best Tour" award for her record-breaking 1989 World Tour. As an added bonus, Taylor will get to enjoy the show at the same table as Calvin Harris and BFF Selena Gomez

Watch Live From the Red Carpet: The 2016 iHeartRadio Music Awards on Sunday at 7 p.m. ET / 4 p.m. PT only on E! Catch up on all the excitement you didn't see on TV with a special edition of E! News on Monday at 7 p.m. and 11 p.m. And don't forget to tune in to Fashion Police on Monday at 8 p.m. for the iHeartRadio Music Awards special featuring Kimberly Perry.

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