SAG Awards 2017 Cheat Sheet: Everything You Need to Know!

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The 23rd Annual Screen Actors Guild Awards kick off from the Shrine Auditorium in Los Angeles on Sunday, and ET has everything you need to know about the star-studded event.

ET's Red Carpet Coverage: You can catch all of ET's coverage of the night right here at ETonline.com, on our official Facebook page, and on Twitter (@etnow) and Instagram (@entertainmenttonight). Plus, be sure to tune into Entertainment Tonight on Monday for our full post-show coverage.

PICS: The 2016 SAG Awards Red Carpet Arrivals

What Time Do the SAG Awards Start?: The show will begin airing live at 8 p.m. ET/ 5 p.m. PT on TNT and TBS.

Who's Presenting?: Noteworthy presenters include Taraji P. Henson, Janelle Monae, Common, Rashida Jones, Brie Larson, Mahershala Ali, Octavia Spencer, Viggo Mortensen, Casey Affleck and the stars of Stranger Things.

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Guest of Honor: Lily Tomlin will receive the Lifetime Achievement Award at the event, which will be presented by her 9 to 5 co-stars Jane Fonda and Dolly Parton. Tomlin is also going up against Fonda, Uzo Aduba, Ellie Kemper and Julia Louis-Dreyfus in the Outstanding Performance by a Female Actor in a Comedy Series category for her role in Grace and Frankie.

Fashion Predictions: If the Golden Globes were any indication of awards season fashion trends, we're expecting more plunging necklines, fierce metallics and intricate detailing on the show-stopping gowns worn by Hollywood's A-listers.

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They may be up against each other for Female Actor in a Leading Role, but we're predicting both Emma Stone and Emily Blunt, who are nominated for their roles in La La Land and The Girl on the Train, respectively, will land a coveted spot on ET's Best Dressed list. Stone was a dreamy delight on the red carpet at the Golden Globes earlier this month, chic in a starry Valentino Haute Couture gown, and we have no doubt that she'll step up her game Sunday night. As for Blunt, it's been over three months since fans have seen her on a carpet, her last being the New York premiere of Girl on the Train, so expect a major fashion comeback!

We also anticipate Kerry Washington, Brie Larson, Naomie Harris, Bryce Dallas Howard and Janelle Monae will make a statement at this year's fête.

What Makes the SAG Awards Different from Other Award Shows?: The SAG Awards stand out for two major reasons: there's no host and actors pick the winners. The event is also a helpful indicator for who could go on to win Oscar glory.

READ: The 2017 SAG Awards Nominations Are In!

Notable Nominations: The casts of Captain Fantastic, Fences, Hidden Figures, Manchester by the Sea and Moonlight will compete for best ensemble with La La Land being left out of the category. Still, the musical's stars, Emma Stone and Ryan Gosling are nominated on their own in the leading role categories. The People v. O.J. Simpson: American Crime Story will get many opportunities at a statuette, as Sarah Paulson, Sterling K. Brown, Courtney B. Vance all received nods. Brown is also nominated for his role on This Is Us. Read the complete list here.

PICS: Stars We've Lost

In Memoriam: With the inordinate number of major celebrity deaths in 2016, the Screen Actors Guild is expected to spend extra time honoring its members that we lost over the past year. The website's In Memoriam section includes Carrie Fisher (Star Wars), Doris Roberts (Everybody Loves Raymond), Prince (Purple Rain), Gene Wilder (Blazing Saddles), Zsa Zsa Gabor (Moulin Rouge), Alan Thicke (Growing Pains), Anton Yelchin (Star Trek), Abe Vigoda (The Godfather), Kenny Baker (Star Wars).