In this paper we analyze the Banach *- algebra of time-frequency shifts with absolutely summable coefficients. We prove a noncommutative version of the Wiener lemma. We also construct a faithful tracial state on this algebra which proves the algebra contains no compact operators. As a corollary we obtain a special case of the Heil- Ramanathan- Topiwala conjecture regarding linear independence of finitely many time- frequency shifts of one L-2 function. We also estimate the coefficient decay of the inverse of finite linear combinations of time- frequency shifts.