Taylor attended Billboard’s sixth annual Women in Music event today at the Capitale in New York City. She was honored with the Billboard Woman of the Year award, which recognizes a female recording artist that has inspired the music business with her success, leadership, and innovation. Be sure to head on over to the gallery to see photos from tonight’s event. Taylor looked absolutely gorgeous in a red dress with her new haircut!

UPDATE: A video of Taylor at the Billboard Women in Music event has appeared online. Click here to check it out! We also added more photos, including tons of high quality shots.