In a large bowl, add coleslaw mix, red pepper, black beans, corn, cilantro and jalapeño; mix well to combine.
In a separate smaller bowl, add mayonnaise, sour cream, taco seasoning and lime juice; mix well to combine.
Add mayonnaise mixture to the coleslaw mixture; stir combine.
Add cheddar cheese and/or tortilla chips on top of the Mexican Coleslaw; optional.