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Step 1
In a small bowl combine the refried beans, taco seasoning, and 1/4 cup of the sour cream. Stir to combine.
Step 2
Spread the refried bean layer into the bottom of a square 8x8 glass dish or a pie dish. Smooth out the layer with the back of a spoon.
Step 3
Spread the guacamole on top of the refried beans. Smooth with the back of the spoon, then continue and do the same with the remainder of the sour cream.
Step 4
Sprinkle the shredded cheese, diced tomatoes, chopped green onion, and sliced black olives on top.
Step 5
Cover the 7 layer dip with plastic wrap and place in the refrigerator. Let the layered dip chill for at least 30 minutes, serve cold with tortilla chips.