The prize presentation is to take place Nov. 10.
Paltrow is scheduled to perform the title track from her forthcoming feature film, "Country Strong." She will be joined in her CMA Awards performance by iconic singer Vince Gill.
RCA Nashville will release the original motion picture soundtrack to "Country Strong" Oct. 26.
Paltrow and Tim McGraw, along with Garrett Hedlund and Leighton Meester, star in the big-screen drama, set to hit theaters this winter.
2014: The Year in Music [PHOTOS]