We prove a Fredholm determinant and short-distance series representation of the Painleve V tau function $tau(t)$ associated to generic monodromy data. Using a relation of $tau(t)$ to two different types of irregular $c=1$ Virasoro conformal blocks and the confluence from Painleve VI equation, connection formulas between the parameters of asymptotic expansions at $0$ and $iinfty$ are conjectured. Explicit evaluations of the connection constants relating the tau function asymptotics as $tto 0,+infty,iinfty$ are obtained. We also show that irregular conformal blocks of rank 1, for arbitrary central charge, are obtained as confluent limits of the regular conformal blocks.