Heat oil in a medium size skillet on medium-high heat.
Add the peppers and onions and a good pinch of salt and saute 3-4 minutes.
Add in the chili powder and garlic and saute another 2 minutes.
Add in the rice (chopping up any large frozen chunks), tomatoes and juice*, beans and a pinch of salt.
Simmer (uncovered) for about 15 minutes.
Let cool slightly and top with avocado, sour cream, lime juice.
Serve with corn tortillas or chips.