Cook bacon until crisp in a 12-inch skillet over medium-high heat, stirring occasionally. With a slotted spoon, remove to paper towels; set aside. Add green pepper, onion, and garlic to drippings remaining in skillet; cook over medium heat until tender-crisp, about 5 minutes. Remove to a bowl.
In the same skillet over medium-high heat, cook ground beef until well browned on all sides, stirring frequently. Add tomatoes, rice, water, TABASCO® Sauce, salt, and green pepper mixture. Bring to a boil; reduce heat to low, cover, and simmer 20 minutes or until rice is tender, stirring occasionally. To serve, top with crumbled bacon.
Makes 4 servings.