It's almost that time of the year again! The MTV Video Music Awards 2016 is just around the corner, but before the always outrageous awards show takes place Sunday, August 28, at NYC's Madison Square Garden, the nominees must be announced. Watch that go down right here via Us Weekly's livestream!

PHOTOS: Relive What All the Stars Wore to the 2015 VMAs

Last year, Taylor Swift showed up with the cast of "Bad Blood" (a.k.a. the #squad), including Selena Gomez, Gigi Hadid and Hailee Steinfeld. She also awarded her on-and-off nemesis Kanye West the Video Vanguard Award, putting their differences behind them. That is, until the feud was reignited this year, thanks to his controversial "Famous" lyrics.

PHOTOS: Wildest VMAs Moments of All Time!

Perhaps they'll make up again this year? Either way, the host (last year's was Miley Cyrus) and the performances (home of the Madonna-Britney kiss!) should be just as over-the-top and wild as always. And it all begins with the nominations.

Check back here later today, Tuesday, July 26, at 2 p.m. ET, to watch the announcement live!

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