Preheat and prep: Heat the oven to 375°F (190°C).
Grease a 9x13-inch baking dish and set it aside.
Cook the aromatics: Warm the oil in a large skillet over medium heat. Add onion and bell pepper with a pinch of salt. Cook 4–5 minutes, until softened.
Stir in the garlic for 30 seconds, until fragrant.
Brown the meat: Add ground beef to the skillet. Break it up and cook until no longer pink, about 6–8 minutes. Drain excess fat if needed, leaving a little for flavor.
Season and simmer: Sprinkle the taco seasoning over the meat.
Add tomato paste and the drained tomatoes with chiles. Stir well. Simmer 3–5 minutes to thicken.
Taste and adjust salt and pepper.
Make the “million dollar” layer: In a bowl, beat together cream cheese, sour cream, and heavy cream until smooth. Fold in half of the shredded cheese and the chopped jalapeños, if using.
Assemble the casserole: Spread the seasoned meat in the prepared baking dish. Spoon the creamy cheese mixture over the top and smooth it out.
Sprinkle the remaining cheese evenly over everything.
Bake: Place on the center rack and bake 18–22 minutes, until the cheese is melted and bubbly with light golden spots.
Rest and finish: Let it rest 10 minutes so it sets up. Add fresh toppings if you like. Slice into squares and serve.